The regulator, the taxman and London’s police service have joined forces to track and stop illegal peer-to-peer crypto traders across the capital.
The Financial Conduct Authority (FCA), HMRC and the Metropolitan Police have swooped on three premises suspected of illegal peer-to-peer crypto trading. Cease and desist letters were issued at all of the locations, requiring traders to stop any suspected illegal crypto businesses. Peer-to-peer trading is when individuals buy and sell crypto directly with each other. Anyone doing this by way of business in the UK requires appropriate registration. There are currently no FCA-registered peer-to-peer crypto businesses operating in the UK. So anyone trading this way is doing so illeg...
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