FCA and partners continues crackdown on illegal crypto trading
CRYPTD interpretation — regulatory information, not legal advice
The FCA, HMRC and Metropolitan Police carried out operations targeting suspected illegal peer-to-peer crypto trading at three London premises. Cease and desist letters were issued at each location.
What changes
Traders at the three targeted premises are required to stop suspected illegal crypto trading.
Who it affects
Peer-to-peer crypto traders operating from the targeted London premises are affected.
Practical implications
- Targeted traders may be required to cease suspected illegal crypto trading.
UK Financial Conduct Authority
The FCA and partners have taken further action against illegal peer-to-peer crypto trading in London. The FCA has carried out further operations with partners to disrupt illegal peer-to-peer crypto trading across multiple London locations.Working with HM Revenue & Customs (HMRC) and the Metropolitan Police Service, the FCA targeted 3 premises suspected of illegal peer-to-peer crypto trading.Cease and desist letters were issued at all 3 premises, requiring traders to stop any suspected illegal crypto businesses.Peer-to-peer trading is when individuals buy and sell crypto directly with each othe
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