FCA Cracks Down on Illegal Crypto Trading in London
Cease-and-desist letters were issued at three premises as investigators said unregistered operators can help criminals move and launder illicit funds.
7 Articles
7 Articles
FCA Cracks Down on Illegal Crypto Trading in London
The FCA has targeted unregistered peer-to-peer cryptocurrency trading in London, issuing cease and desist orders to three premises. This operation highlights the high-risk and largely unregulated nature of crypto assets in Britain, despite anti-money laundering rules.
crypto.news
Cryptocurrency News | Cryptocurrency Prices | Market CapFCA cracks down on illegal peer to peer crypto traders in London
The UK Financial Conduct Authority has targeted three London premises suspected of running illegal peer to peer crypto trading businesses, extending an enforcement campaign against unregistered digital asset activity. According to the FCA, the operation was carried out on Sept.…
According to ChainCatcher, the UK Financial Conduct Authority (FCA), in conjunction with the UK Revenue and Customs Service (HMRC) and the London Police Service, raided three suspected illegal peer-to-peer crypto trading sites at various locations in London, and issued suspension notices to relevant operators, requesting the immediate termination of unregistered crypto businesses. The FCA emphasizes that anyone engaging in commercial peer-to-pee…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
