UK Police Charge Shop Owner Over Unregistered Bitcoin ATM
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
The UK police charged Habibur Rahman, 37, from East Ham, London, on August 28 with operating unregistered crypto ATMs and laundering thousands of pounds. ,
The landmark event marks the UK’s first prosecution for crypto ATM operations, signaling an important step in the country’s efforts to combat illegal digital asset activities.
Rahman’s arrest came in 2023, following a police raid on an electronics shop in Chatham, Kent, where multiple crypto ATMs were seized.
A mobile shop owner has become the first person in the UK to be charged with illegally operating a crypto ATM.
Habibur Rahman, 37, allegedly laundered £300,000 of criminal cash by converting it into cryptocurrency.
Kent Police searched Rahman's Gadcet shop in Chatham, Kent, on…
Crypto ATMs, once popular in the UK, have been under scrutiny since the Financial Conduct Authority (FCA) banned them in 2022, warning machine operators to “shut their machines down” or “face enforcement action.”
The outright ban sought to ensure the operators were duly registered with the regulatory agency. Instead, the ban and sustained crackdown have greatly reduced the number of Bitcoin machines in the country.
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