UK FCA Conducts Second Coordinated Crackdown on Unregistered P2P Crypto Businesses

The UK Financial Conduct Authority (FCA), in collaboration with HM Revenue & Customs and the Metropolitan Police, targeted three London premises suspected of operating unregistered P2P crypto businesses on September 10, 2026. The regulator issued cease-and-desist letters, emphasizing that P2P crypto trading is increasingly becoming a focus for law enforcement to prevent money laundering.