In brief
- UK Financial Conduct Authority led multi-agency raids on eight London premises suspected of illegal P2P crypto trading.
- Officers issued cease-and-desist orders requiring immediate cessation of unauthorized trading activities.
- The evidence gathered will support ongoing criminal investigations into suspected money laundering operations, the agencies said.
The UK’s Financial Conduct Authority said Wednesday that it conducted its first coordinated raids targeting illegal peer-to-peer crypto trading, hitting eight London premises alongside tax authorities and organized crime units.
The Tuesday morning operation saw FCA officers issue cease-and-desist letters at each location, ordering traders to immediately halt unauthorized…
