UK Targets Illegal Crypto Trading in London Crackdown

Britain's Financial Conduct Authority (FCA), in collaboration with tax officials and police, has conducted its first major operation targeting illegal peer-to-peer cryptocurrency trading. The FCA raided eight London addresses suspected of illicit activities, signaling a heightened regulatory focus on the crypto market. This coordinated crackdown demonstrates the UK's commitment to combating financial crime within the digital asset space. The operation underscores the increasing efforts by authorities to ensure compliance and prevent the misuse of cryptocurrencies for illegal purposes, including money laundering.