The FCA noted in its statement that this case marks the first instance of charges being filed against an individual for operating a network of crypto cash machines in the UK.
Following last month’s arrest, the Financial Conduct Authority (FCA) has intensified its actions against illegal cryptocurrency teller machines in the UK. In a notable case, 37-year-old Londoner Habibur Rahman was detained as the first person in the UK charged with operating a single unlicensed cryptocurrency cash machine.
Rahman is also accused of laundering £392,557 by converting it into cryptocurrency, according to reports.
In the official release, Therese Chambers, joint executive director of enforcement and market oversight at the FCA said:
“Our message today is clear. If you’re illegally operating a crypto ATMs, we will stop you.”
German Authorities Also Clamp Down on Unauthorized BTC ATMs
Just recently, the Federal Financial Supervisory Authority (BaFin) of Germany, in a coordinated effort with the local police, the Deutsche Bundesbank, and the Federal Criminal Police Office (BKA), conducted…
