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Aug 29, 11:42 AM
Chatham Shop Owner Charged with £300,000 Laundering via Illegal Crypto ATMs
Regulation
Crime
Crypto
Culture

Chatham Shop Owner Charged with £300,000 Laundering via Illegal Crypto ATMs

Authors
  • Mail+
  • Decrypt
  • BBC Kent
5

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.

Written with ChatGPT (GPT-4o).

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