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Kent Police have charged a UK man with operating an illegal crypto ATM at his high street mobile phone shop. Crypto ATMs have been banned in the UK since 2022. Read more: https://t.co/tTc7ABuXwC
Mobile phone shop owner is first person in UK to be charged with illegally operating a crypto ATM as he is accused of laundering £300,000 cash https://t.co/eF1WNHTwz7 https://t.co/ib4GrF6z8S
UK Shop Owner Charged for Operating Illegal Crypto ATM ► https://t.co/do780j7J31 https://t.co/do780j7J31
A shop owner in Chatham, Kent, has become the first person in the UK to be charged with operating an illegal cryptocurrency ATM, according to Kent Police. The individual, who owns a mobile phone shop, is accused of laundering approximately £300,000. This charge follows the ban on cryptocurrency ATMs in the UK since 2022. The man is alleged to have operated several unregistered crypto ATMs, laundering almost $400,000 in total.