The London P2P sweep: UK FCA raids eight illegal peer-to-peer trading hubs
CoinDesk·3h ago·Neutral
What Happened
The UK Financial Conduct Authority (FCA) conducted its first coordinated crackdown on illegal peer-to-peer crypto trading, raiding eight locations across London with HMRC and South West Regional Organised Crime Unit. Officials issued cease-and-desist notices and gathered evidence for criminal investigations. The sites allegedly facilitated unregistered crypto trading without required anti-money laundering controls.
Key Entities
UK Financial Conduct Authority (FCA)HMRCSouth West Regional Organised Crime Unit (SWROCU)LondonPeer-to-peer crypto tradingSteve SmartDI Ross Flay