FCA cracks down on illegal crypto trading

Working with HM Revenue & Customs and the South West Regional Organised Crime Unit (SWROCU), the FCA targeted eight premises suspected of engaging in peer-to-peer crypto trading. The FCA issued traders, who were told to stop engaging in illegal activity, with cease and desist letters. Evidence found at on-site inspections is being used to support "a number" of ongoing criminal investigations, the FCA updated today (22 April). Individuals use peer-to-peer trading to buy and sell crypto directly with each other, instead of using a centralised exchange. No FCA-registered peer-to-peer cry...