{"id":230123,"date":"2026-09-21T04:15:00","date_gmt":"2026-09-21T04:15:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=230123"},"modified":"2026-09-21T04:15:00","modified_gmt":"2026-09-21T04:15:00","slug":"fca-targets-three-london-premises-in-illegal-p2p-crypto-trading-crackdown","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=230123","title":{"rendered":"FCA Targets Three London Premises In Illegal P2P Crypto Trading Crackdown"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>TL;DR<\/strong><\/p>\n<p>The FCA, HMRC and Metropolitan Police inspected three London premises over suspected illegal crypto trading.<br \/>\nCease-and-desist notices were issued.<br \/>\nThe action involved unregistered P2P businesses, not licensed UK exchanges.<\/p>\n<p class=\"wp-block-paragraph\">The Financial Conduct Authority has stepped up its enforcement work against illegal <a href=\"https:\/\/www.newsbtc.com\/glossary\/peer-to-peer\/\">peer-to-peer<\/a> crypto trading in London.<\/p>\n<p class=\"wp-block-paragraph\">Working with HMRC and the Metropolitan Police, the <a href=\"https:\/\/www.newsbtc.com\/glossary\/regulator\/\">regulator<\/a> inspected three commercial premises suspected of operating unregistered crypto businesses.<\/p>\n<p class=\"wp-block-paragraph\">The action took place on September 10, with the FCA publishing details on September 17.<\/p>\n<p class=\"wp-block-paragraph\">Teams issued cease-and-desist notices and gathered intelligence from the businesses involved.<\/p>\n<h2 class=\"wp-block-heading\">This Was About Unregistered Trading<\/h2>\n<p class=\"wp-block-paragraph\">The distinction matters because the UK is in the middle of a much wider overhaul of crypto <a href=\"https:\/\/www.newsbtc.com\/glossary\/regulator\/\">regulation<\/a>.<\/p>\n<p class=\"wp-block-paragraph\">The FCA\u2019s new authorisation gateway opens at the end of September, but firms already face rules around anti-money-laundering registration and financial promotions.<\/p>\n<p class=\"wp-block-paragraph\">Physical or P2P businesses that operate outside that framework remain enforcement targets.<\/p>\n<p class=\"wp-block-paragraph\">The latest action appears aimed squarely at that part of the market.<\/p>\n<p class=\"wp-block-paragraph\">It is not evidence that the FCA is suddenly targeting licensed <a href=\"https:\/\/www.newsbtc.com\/glossary\/exchange\/\">exchanges<\/a> or shutting down mainstream crypto trading.<\/p>\n<h2 class=\"wp-block-heading\">Enforcement And Authorisation Are Moving Together<\/h2>\n<p class=\"wp-block-paragraph\">The timing is interesting.<\/p>\n<p class=\"wp-block-paragraph\">On one side, the FCA is creating a clearer route for crypto firms that want to operate under the incoming regulatory regime.<\/p>\n<p class=\"wp-block-paragraph\">On the other, it is increasing pressure on businesses operating outside the rules.<\/p>\n<p class=\"wp-block-paragraph\">Those two things go together.<\/p>\n<p class=\"wp-block-paragraph\">A licensing system only means much if companies that ignore it face consequences.<\/p>\n<p class=\"wp-block-paragraph\">For legitimate firms, that can eventually be helpful.<\/p>\n<p class=\"wp-block-paragraph\">Clear rules are expensive to comply with, but they are even harder to justify if competitors can simply ignore them.<\/p>\n<p class=\"wp-block-paragraph\">The FCA\u2019s message is becoming fairly straightforward.<\/p>\n<p class=\"wp-block-paragraph\">The UK wants crypto businesses.<\/p>\n<p class=\"wp-block-paragraph\">It also increasingly expects them to behave like regulated financial businesses.<\/p>\n<p class=\"wp-block-paragraph\">Source: Financial Conduct Authority. <a href=\"https:\/\/www.fca.org.uk\/news\/press-releases\/fca-and-partners-continues-crackdown-illegal-crypto-trading\">https:\/\/www.fca.org.uk\/news\/press-releases\/fca-and-partners-continues-crackdown-illegal-crypto-trading<\/a><\/p>\n<p class=\"wp-block-paragraph\">This article was written by the News Desk and edited by Samuel Rae.<\/p>\n<p>Source: <a href=\"https:\/\/www.fca.org.uk\/news\/press-releases\/fca-and-partners-continues-crackdown-illegal-crypto-trading\">Primary Source<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR The FCA, HMRC and Metropolitan Police inspected three London premises over suspected illegal crypto trading. Cease-and-desist notices were issued. The action involved unregistered P2P businesses, not licensed UK exchanges. The Financial Conduct Authority has stepped up its enforcement work against illegal peer-to-peer crypto trading in London. Working with HMRC and the Metropolitan Police, the [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":230124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-230123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230123"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=230123"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/230123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/230124"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=230123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=230123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=230123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}