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FCA joins police, HMRC to carry out first crackdown on illegal crypto trading

FCA joins police, HMRC to carry out first crackdown on illegal crypto trading

The U.K.’s financial services regulator has raided eight addresses in London as part of an operation working with police and tax authorities to disrupt illicit crypto activity and prevent possible financial crime risks.

It is the first time the Financial Conduct Authority (FCA) has cooperated with other agencies to clamp down on illegal peer-to-peer crypto trading, which involves individuals buying and selling crypto directly with each other rather than using a centralized exchange.


Neil Hodge is a freelance business journalist and photographer based in Nottingham, United Kingdom. He writes on insurance and risk management,…

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