Wire · regulatory
UK watchdog targets three London sites suspected of illegal crypto trading
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Fusion42 · 17 September 2026 · Fusion42 review
The UK's Financial Conduct Authority has taken enforcement action against three London sites suspected of running unregistered peer-to-peer cryptocurrency trading businesses, issuing cease and desist letters in coordination with tax and police authorities under anti-money laundering and terrorist financing rules. This follows a similar crackdown earlier in the year targeting illegal crypto trading premises in London.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
You face a growing crackdown on unregistered peer-to-peer crypto trading in the UK, threatening market access unless you align with FCA rules. The door to operating without registration is closing fast, prioritise compliance or lose ground.
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1 source · 17 Sep 2026
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