3 locations in London raided over suspected illegal cryptocurrency transactions $BTC , the second sweep of the year.
The UK Financial Conduct Authority (FCA), in coordination with HMRC and the London police, has just launched a new crackdown targeting unlicensed peer-to-peer crypto trading points. Three addresses were searched, suspected to be places where cash is exchanged for BTC and other off-the-books coins.
The FCA confirmed this is the second time, following the first raid in April when authorities simultaneously raided eight other locations also in London.
What’s unclear: the FCA has not announced whether anyone has been arrested or how much money was seized, nor has it named the locations or the related exchanges. I’ll believe it only when there are official figures.
For traders, this is a sign that the UK is tightening its crackdown on cash-for-crypto routes outside the exchange ecosystem that lack KYC.
What to watch: in the next few days, the FCA may publish the amount seized or the identities of those arrested.
#BTC #Crypto #FCA #CryptoNews #UK
The UK Financial Conduct Authority (FCA), in coordination with HMRC and the London police, has just launched a new crackdown targeting unlicensed peer-to-peer crypto trading points. Three addresses were searched, suspected to be places where cash is exchanged for BTC and other off-the-books coins.
The FCA confirmed this is the second time, following the first raid in April when authorities simultaneously raided eight other locations also in London.
What’s unclear: the FCA has not announced whether anyone has been arrested or how much money was seized, nor has it named the locations or the related exchanges. I’ll believe it only when there are official figures.
For traders, this is a sign that the UK is tightening its crackdown on cash-for-crypto routes outside the exchange ecosystem that lack KYC.
What to watch: in the next few days, the FCA may publish the amount seized or the identities of those arrested.
#BTC #Crypto #FCA #CryptoNews #UK
