According to Odaily Planet Daily, Habibur Rahman, a resident of East Ham, London, denied 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 operating illegal machines without authorization from the Financial Conduct Authority (FCA).

Rahman is accused of converting £300,000 of illegal cash into cryptocurrency between April 1 and June 16, 2022. The discovery was made by Kent Police after a search of a shop in Chatham on April 28, 2023, during which several cryptocurrency ATMs were seized.

The case has now been transferred to Maidstone Crown Court, with the next hearing scheduled for November 7. Police said Rahman's involvement in cryptocurrency trading not only violated financial regulations but also involved money laundering. He was granted bail after appearing in court and will await further developments in the coming weeks.