London Resident Denies Charges of Operating Illegal Crypto ATMs and Money Laundering

According to Odaily, Habibur Rahman, a resident of East Ham, London, has denied allegations of operating unlicensed cryptocurrency ATMs and engaging in money laundering through crypto transactions. Rahman appeared at Medway Magistrates' Court, where he pleaded not guilty to charges of running illegal machines without authorization from the Financial Conduct Authority (FCA). Rahman is accused of converting £300,000 of illicit cash into cryptocurrency between April 1 and June 16, 2022. The situation came to light after Kent Police conducted a search at a shop in Chatham on April 28, 2023, during which several cryptocurrency ATMs were seized. The case has now been transferred to Maidstone Crown Court, with the next hearing scheduled for November 7. Authorities claim that Rahman's involvement in cryptocurrency transactions not only breached financial regulations but also included money laundering activities. Following his court appearance, Rahman was granted bail and will await further developments in the coming weeks.