UK FCA Raids Multiple Suspected Illegal P2P Cryptocurrency Trading Venues
Svmuu News: The UK Financial Conduct Authority (FCA), in collaboration with HM Revenue & Customs and the South West Regional Organised Crime Unit, recently conducted raids on eight locations across the UK suspected of engaging in illegal P2P cryptocurrency trading. Officials issued prohibition orders on-site, requiring the operators to cease activities immediately and gathered relevant evidence. The UK FCA pointed out that currently, no P2P cryptocurrency traders or platforms are registered with the regulator in the UK. Furthermore, in the recent multi-agency Operation Atlantic, law enforcement agencies froze $12 million in assets linked to cryptocurrency scams and traced over $45 million in stolen cryptocurrency. The UK FCA has now launched a consultation on its guidelines for the cryptocurrency regulatory framework set to take effect in 2027.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
What Is CPS? An Analysis of the Crypto Project Behind the Multi-Meaning Acronym and an Assessment of Investment Risks
-
2
BUSD Stablecoin: An Analysis of Its Definition, Rise and Fall, and Current Status
-
3
Korean Shipbuilders Sweep Up LNG, Ammonia Orders as Energy Demand Holds Firm
-
4
Analysis: Bloom Energy (BE) Emerges as Top AI-Power Stock Pick, Reports Over $1 Billion Revenue and $196 Million Net Profit in Q2 2026
-
5
Escalating U.S.-Iran Tensions Push Oil Prices Back Above $80; U.S. Energy Secretary Says No Further Large-Scale Release of Strategic Petroleum Reserve (SPR) Is Expected
-
6
MicroStrategy plans to restore the price of its digital credit product, $STRC, to $99–$100 and reiterates that it has no intention of issuing it below par value.
-
7
Analysts believe that if the crypto market enters a new cycle, a portfolio of Bitcoin, and XRP could outperform the S&P 500 by 2030.
-
8
Baird Analyst Doubles AMD Price Target to $1,250 (155% Upside) After Stock's 10% July Drop, Citing Microsoft's Strong Azure Growth
-
9
US Treasury May Intervene in Yen Market on Friday, Banks Told to Stand By for 'Future Actions' via NY Fed
-
10
TRUMP ON ISRAEL, HAMAS DEAL: BIG STEP FOR MIDDLE EAST
Markets Today
Recommended Reading




