According to the announcement of the Financial Regulatory Authority (FCA), from December 30, 2021 to March 12, 2022, London resident Osunkoya operated an unregistered cryptocurrency ATM in 28 different locations through his company Gidi PlusLtd, with the value of over 2.5 million pounds involved. He was eventually sentenced to 4 years in prison. The verdict is the first time the UK has been sentenced for unregistered crypto assets activities. Previously, the FCA cooperated with law enforcement agencies to combat illegal encryption of ATMs nationwide. In 2023, the FCA visited 38 locations and destroyed 30 machines. The number of encrypted ATMs advertised on CoinATMRadar in the UK has dropped from more than 80 in 2022 to zero in 2024.