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You Won’t Believe How a Londoner Fooled Regulators Into Thinking His Bitcoin Vending Machine Was Legit (Sort Of)

A  illustration of Habibur Rahman, surrounded by cryptocurrency screens and money bags with a sly expression on his face, holding a Bitcoin vending machine that blends into its surroundings like a legitimate business. In the background, a blurred image of London cityscape and police officers in the distance.

London Man Denies Running Illegal Cryptocurrency ATMs A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds, because who needs licenses when you’ve got a Bitcoin? The FCA is still trying to figure out how it’s supposed to regulate something that doesn’t exist in the real world… yet. In all seriousness though, this latest development only serves as another reminder that crypto ATMs are nothing more than money-laundering machines disguised as futuristic vending machines.

Source: bitcoin.com

A London resident has denied charges of operating an illegal cryptocurrency ATM business and laundering criminal proceeds. The individual is accused of converting £300,000 into digital currencies without Financial Conduct Authority (FCA) authorization. The regulator stressed that there are no legal crypto ATM operators in the country. Habibur Rahman, a resident of East Ham, London, has denied charges of operating an unlicensed cryptocurrency ATM business and laundering criminal proceeds through […]

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