UK Regulator Conducts Second P2P Crypto Crackdown

The UK Financial Conduct Authority (FCA), in collaboration with HM Revenue & Customs and the Metropolitan Police, raided three London locations on September 10, 2026, to shut down unregistered peer-to-peer crypto businesses. The FCA emphasized that no P2P crypto firms are currently registered in the UK and warned that such operations facilitate money laundering. This follows a similar enforcement action taken in April 2026.