Two men arrested following seizure of Bitcoin crypto-cashpoints in Chatham High Street

Published by
Kent Online

Two men have been arrested following the seizure of five ATMs set up to sell its users cryptocurrency illegally. Police issued a warrant to search a shop in Chatham High Street on April 28 where one of the seized crypto-machines was on display with three more in storage. This type of ATM offers the user the option to purchase multiple forms of online currency, usually in the form of bitcoin. Any machine offering cryptoassets must be registered with the Financial Conduct Authority (FCA) to ensure they comply with money laundering regulations. Currently no ATMs are, meaning all are illegal. A 21…

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