TREE NEWS update: The UK Financial Conduct Authority, working with HM Revenue & Customs and the Metropolitan Police, raided three suspected illegal peer-to-peer crypto trading venues across London and issued cease-and-desist notices ordering the operators to stop unregistered crypto activity immediately. The FCA said anyone conducting commercial P2P crypto buying and selling in the UK must complete anti-money-laundering registration, and that no P2P crypto trading business is currently FCA-registered.
UK FCA Raids Three Suspected Illegal P2P Crypto Trading Venues
AI take
The joint enforcement action signals that UK regulators are treating unregistered commercial P2P crypto trading as a priority, not a paperwork issue. The FCA's admission that no P2P trading business currently holds registration effectively places the entire UK P2P sector outside the perimeter, leaving operators with a stark choice between formalising or exiting. Whether this pushes activity toward registered venues or simply offshore is the open question worth watching.
Generated by AI for reference only.
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