Wire · regulatory
FCA cracks down on illegal peer to peer crypto traders in London
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Fusion42 · 18 September 2026 · Fusion42 review
The UK Financial Conduct Authority (FCA) conducted a crackdown on three London premises suspected of running illegal peer-to-peer crypto trading businesses, issuing cease and desist orders and collaborating with HMRC and the Metropolitan Police to address unregistered crypto operations linked to potential money laundering.
This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it.
◆ ◆ The Wire takeaway
UK regulators are serious about shutting down unregistered crypto trading. You must ensure your crypto business has FCA registration or risk enforcement shutting you down fast.
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3 sources · 17 Sep 2026
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