According to a BBC report, the UK's Financial Conduct Authority (FCA) has announced that cryptocurrency cash machines (ATMs) operating in the country will be shut down. The FCA further noted that no company offering crypto-currency services in the UK has a licence to operate a crypto-ATM. "We regularly warn consumers that crypto assets are unregulated and high-risk, which means people are very unlikely to have any protection if things go wrong," the FCA stated. Cryptocurrencies may have faced a setback in the UK, but they have gained support in another quarter. Apple co-founder Steve Wozniak described Bitcoin as "the only one that's pure-gold mathematics." He added that Bitcoin will reach $100,000, according to various media reports. Speaking on a show, he said, "Bitcoin is safe because it's the big elephant on the block." He is, however, sceptical about most other cryptocurrencies, and said that many of the use-cases in the crypto space seem to be designed as scams. "I think it's being used a lot these days to rip people off." Another name to come out in support of crypto currencies was investor Kevin O'Leary. In an interview with CNBC, the venture capitalist, who has also appeared on the famous show "Shark Tank," said that one-fifth of his investment holdings are tied up in cryptocurrencies and companies operating in the nascent digital asset industry.
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