{"id":13130,"date":"2026-09-21T05:00:39","date_gmt":"2026-09-21T05:00:39","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/fca-targets-three-london-premises-in-illegal-p2p-crypto-trading-crackdown\/"},"modified":"2026-09-21T05:00:39","modified_gmt":"2026-09-21T05:00:39","slug":"fca-targets-three-london-premises-in-illegal-p2p-crypto-trading-crackdown","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/fca-targets-three-london-premises-in-illegal-p2p-crypto-trading-crackdown\/","title":{"rendered":"FCA Targets Three London Premises In Illegal P2P Crypto Trading Crackdown"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>TL;DR<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>The FCA, HMRC and Metropolitan Police inspected three London premises over suspected illegal crypto trading.<\/li>\n<li>Cease-and-desist notices were issued.<\/li>\n<li>The action involved unregistered P2P businesses, not licensed UK exchanges.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The Financial Conduct Authority has stepped up its enforcement work against illegal peer-to-peer crypto trading in London.<\/p>\n<p class=\"wp-block-paragraph\">Working with HMRC and the Metropolitan Police, the regulator inspected three commercial premises suspected of operating unregistered crypto businesses.<\/p>\n<p class=\"wp-block-paragraph\">The action took place on September 10, with the FCA publishing details on September 17.<\/p>\n<p class=\"wp-block-paragraph\">Teams issued cease-and-desist notices and gathered intelligence from the businesses involved.<\/p>\n<h2 class=\"wp-block-heading\">This Was About Unregistered Trading<\/h2>\n<p class=\"wp-block-paragraph\">The distinction matters because the UK is in the middle of a much wider overhaul of crypto regulation.<\/p>\n<p class=\"wp-block-paragraph\">The FCA\u2019s new authorisation gateway opens at the end of September, but firms already face rules around anti-money-laundering registration and financial promotions.<\/p>\n<p class=\"wp-block-paragraph\">Physical or P2P businesses that operate outside that framework remain enforcement targets.<\/p>\n<p class=\"wp-block-paragraph\">The latest action appears aimed squarely at that part of the market.<\/p>\n<p class=\"wp-block-paragraph\">It is not evidence that the FCA is suddenly targeting licensed exchanges or shutting down mainstream crypto trading.<\/p>\n<h2 class=\"wp-block-heading\">Enforcement And Authorisation Are Moving Together<\/h2>\n<p class=\"wp-block-paragraph\">The timing is interesting.<\/p>\n<p class=\"wp-block-paragraph\">On one side, the FCA is creating a clearer route for crypto firms that want to operate under the incoming regulatory regime.<\/p>\n<p class=\"wp-block-paragraph\">On the other, it is increasing pressure on businesses operating outside the rules.<\/p>\n<p class=\"wp-block-paragraph\">Those two things go together.<\/p>\n<p class=\"wp-block-paragraph\">A licensing system only means much if companies that ignore it face consequences.<\/p>\n<p class=\"wp-block-paragraph\">For legitimate firms, that can eventually be helpful.<\/p>\n<p class=\"wp-block-paragraph\">Clear rules are expensive to comply with, but they are even harder to justify if competitors can simply ignore them.<\/p>\n<p class=\"wp-block-paragraph\">The FCA\u2019s message is becoming fairly straightforward.<\/p>\n<p class=\"wp-block-paragraph\">The UK wants crypto businesses.<\/p>\n<p class=\"wp-block-paragraph\">It also increasingly expects them to behave like regulated financial businesses.<\/p>\n<p class=\"wp-block-paragraph\">Source: Financial Conduct Authority. <a href=\"https:\/\/www.fca.org.uk\/news\/press-releases\/fca-and-partners-continues-crackdown-illegal-crypto-trading\" rel=\"noopener nofollow\" target=\"_blank\">https:\/\/www.fca.org.uk\/news\/press-releases\/fca-and-partners-continues-crackdown-illegal-crypto-trading<\/a><\/p>\n<p class=\"wp-block-paragraph\">This article was written by the News Desk and edited by Samuel Rae.<\/p>\n<p style=\"display:none\">Source: <a href=\"https:\/\/www.fca.org.uk\/news\/press-releases\/fca-and-partners-continues-crackdown-illegal-crypto-trading\" rel=\"nofollow noopener\" target=\"_blank\">Primary Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The FCA, HMRC and Metropolitan Police inspected three London premises over suspected illegal crypto trading. Cease-and-desist notices were issued. The action involved unregistered P2P businesses, not licensed UK exchanges. The Financial Conduct Authority has stepped up its enforcement work against illegal peer-to-peer crypto trading in London. Working with HMRC and the Metropolitan Police, the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13131,"comment_status":"","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[55,5631,1648,5693,5694,5508,2361],"class_list":["post-13130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-cryptocurrency-market-news","tag-enforcement","tag-fca","tag-london","tag-p2p","tag-regulation","tag-uk"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/13130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=13130"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/13130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/13131"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=13130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=13130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=13130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}