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UK FCA and other agencies jointly raided three illegal P2P crypto trading venues in London, signaling the end of the "light-touch" era of crypto regulation.
The UK Financial Conduct Authority (FCA), in collaboration with HMRC and the Metropolitan Police, raided three unregistered peer-to-peer (P2P) crypto businesses in London on Thursday, issuing cease and desist letters to the operators. The FCA stated that there are currently no registered P2P crypto firms in the UK, and these illegal operators were circumventing anti-money laundering controls. Experts commented that this action signals the end of the "light-touch" era for crypto regulation in the UK. The UK's crypto regulatory framework is set to fully come into effect on October 25, 2027.
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Source：CoinDesk · Source Link
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