From www.icaew.com: (UK context) The Financial Conduct Authority plans to regulate the cryptoasset sector in the UK and is seeking industry feedback as UK crypto ownership rises.

The FCA’s roadmap outlines the need for supervision and compliance, with a focus on consumer protection, market integrity, and addressing risks associated with operational technology and liquidity.

Currently, there are no registered crypto ATMs operating legally in the UK, and the FCA has cracked down on numerous scams and illegal activities in the crypto space.