Habibur Rahman, a resident of East Ham, denies charges of operating an unlicensed cryptocurrency ATM business and laundering money through cryptocurrency transactions. Rahman appeared at Medway Magistrates' Court and pleaded not guilty to charges of running an illegal machine without authorisation from the Financial Marekt Conduct Authority (FCA).
Rahman is accused of exchanging £300,000 of illegal cash into cryptocurrency between April 1 and June 16, 2022. Kent Police discovered this after conducting a search of a store in Chatham on April 28, 2023, and seized several cryptocurrency ATMs during the search.
The case has now been transferred to Maidstone Crown Court and the next hearing is scheduled for November 7. Police say Rahman's involvement in cryptocurrency trading not only breached financial regulations but also involved money laundering. He was granted bail after appearing in court and will await further progress in the coming weeks.
London man Habibur Rahman denies running illegal cryptocurrency ATMs and money laundering charges
2024-10-11 03:49:43
London eastham resident habiburg rahman denied operating unlicenseddesk3cryptocurrencydesktopCrypto News
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