The FCA said it has inspected sites in Exeter, Nottingham and Sheffield alongside the regional police. The devices for turning fiat currency into crypto are seen as a money laundering threat, and none are logged with the FCA as is required by law, the regulator said in a statement on Friday. “Crypto ATMs operating without FCA registration are illegal,” said Therese Chambers, the FCA’s Executive Director of Enforcement and Market Oversight. “We will act to stop illegal activity.
The company reported an adjusted loss of $0.34 per share, versus estimated loss of $1.45 per share and a narrowing from Q4’s loss of $2.45 per share. Trading volume came in at $145 billion versus estimates of $147.7 million for the quarter. Trading volume was roughly $146 billion in the fourth quarter. Shares of Coinbase were up about 8% to $53 in after-hours trading Thursday. Shares are up about 40% this year, with bitcoin’s rise of roughly 74% year to date.
"Bitcoin will likely fly higher under the wing of gold as the yellow metal makes new all-time highs," Thielen added.