Even in a developing country like mine, it would not be feasible to install a BATM without facing legal consequences.
Who says that operators of those BATM won't have to face legal consequences?
And this negligence to follow the basic rules in operating is what pushes me to side the government this time, much as I hate to admit it. The least you could do is to follow legislations and get a license to actually operate within legal grounds to not only be on the good side of the law, but to also as much as possible give your users the peace of mind they deserve.
Food for thought: how come no BATM operator in UK managed to get approved by FCA as of yet, while operators in other countries have no issues whatsoever? Are UK operators completely incompetent, or FCA regulation is made on purpose so strict so no one can meet their demands? In FCA eyes, Bitcoin is mainly used by criminals so no wonder that they made it as hard as possible to operate ATM.
And no, I don't think that this gives Bitcoin a bad name, but instead makes UK look very crypto unfriendly.
This is not a crackdown on ALL ATMs..... it is a crackdown on illegal (SCAM) operators that are not operating under the rule of the law
Since
no operater is registered with FCA, it's essentially crackdown on
all BATM in UK.
Its interesting to see that
CoinATM Radar lists 10 BATM available in UK at the moment. Maybe FCA is using that website to track them.