FCA targets three London sites in renewed P2P cryptocurrency trading crackdown
The regulator is moving beyond warnings, and bringing the gauntlet down on illicit crypto activity.
AMBCrypto•Samyukhtha L KM3h agoFinancial Conduct Authority
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page 1 of 4AMBCrypto•Samyukhtha L KM3h ago
FCA Targets Three More London Sites Over Unregistered P2P Crypto Trading
"Anyone running an unregistered peer-to-peer crypto business should assume we are looking at them," the FCA's enforcement chief said.
Financial Conduct Authority Targets Illegal Crypto Trading
The Financial Conduct Authority (FCA) has launched an enforcement action against three premises suspected of illegal peer-to-peer crypto trading in the UK. This operation, conducted in collaboration with the HM Revenue and Customs (HMRC) and the Metropolitan Police, targets unregistered traders who may facilitate financial crime. Such actions underscore the regulator’s commitment to combating illicit activities within the cryptocurrency sector, as detailed in their official announcement. The Key Development The FCA’s recent enforcement action marks a significant step in regulating the cryptocurrency landscape in the UK. The operation aimed at unregistered peer-to-peer crypto traders highlights concerns over the facilitation of financial crimes, including money laundering. By targeting these operations, the FCA seeks to enhance compliance and reduce avenues for criminal activities in the burgeoning crypto market. Quick Take FCA targets three premises suspected of illegal peer-to-peer crypto trading. The enforcement action is part of a joint operation with HMRC and the Metropolitan Police. Unregistered traders are viewed as risks for facilitating financial crime. The FCA emphasizes the importance of compliance for crypto businesses. This action reflects increasing scrutiny on the crypto sector in the UK. Market Pulse The global cryptocurrency landscape continues to grow, attracting new investors and fostering innovation. However, with this growth comes heightened regulatory scrutiny aimed at preventing financial crime. The FCA’s actions are emblematic of broader trends in regulatory oversight, as governments worldwide seek to ensure that crypto markets operate within legal frameworks designed to protect consumers and the financial system. The Financial Conduct Authority (FCA) oversees financial markets in the UK, ensuring compliance and protecting consumers from financial crime. Its jurisdiction extends to cryptocurrency activities, particularly as these markets grow and evolve. The FCA has increased its focus on unregistered trading operations to mitigate risks associated with illicit financial activities. Key Levels to Watch Traders should monitor regulatory developments closely, particularly in light of the FCA’s recent enforcement actions. As scrutiny increases, compliance will become paramount for crypto businesses operating in the UK. The market may see a shift as unregistered operators face greater risks, potentially leading to a more structured and compliant trading environment in the future.
TITradingView Ideas15h ago
FCA cracks down on illegal peer to peer crypto traders in London
The UK Financial Conduct Authority has targeted three London premises suspected of running illegal peer to peer crypto trading businesses, extending an enforcement campaign against unregistered digital asset activity. According to the FCA, the operation was carried out on Sept.…
FCA Clears Crypto Rulebook, but UK Banks Can Still Block Transfers
The FCA has published final guidance defining which crypto businesses will need authorization under the U.K.’s incoming regulatory regime. The clarity removes a major uncertainty for firms, but a separate problem remains: U.K. banks can still restrict customers from sending money to crypto platforms. FCA Sets Oct. 2027 Start for New UK Crypto Authorization Regime […]
Bitcoin.com News•Emmanuel Musa23h ago
UK crypto firms face fresh FCA authorization process
The UK Financial Conduct Authority has issued final guidance requiring crypto firms to reassess their permissions before applications open on Sep. 30 for a regulatory regime taking effect in October 2027. FCA guidance defines which crypto firms need approval The…
UK banks continue blocking crypto payments as FCA license deadline looms
Increased regulatory scrutiny in the UK may hinder crypto market growth, impacting investor confidence and future digital asset valuations.
CryptoBriefing•Estefano Gomez16 Sept
UK FCA sets crypto authorization guidance ahead of September application window
The FCA’s new guidance outlines which crypto activities may require authorization as firms prepare for the UK’s incoming digital asset regulatory regime.
Cointelegraph•Cointelegraph by Nate Kostar16 Sept
Bank of England and FCA highlight collateral mobility as key tokenization benefit
Tokenization's impact on collateral mobility could enhance liquidity, reduce capital requirements, and bolster financial system resilience.
CryptoBriefing•Editorial Team16 Sept
FCA Guidance Lands Two Weeks Before UK Crypto Authorization Window Opens
Overseas firms serving UK retail customers need authorization too, and nobody trades under the new rules before October 2027.
UK banks keep crypto limits as FCA regime nears
UK banks can retain crypto payment restrictions as the FCA opens authorization applications Sept. 30 ahead of its October 2027 regime.
FCA considers exempting tokenized gold from fund rules to defend London market
CoinDesk•Olivier Acuna14 Sept
UK FCA explores tokenized gold rules to boost market liquidity
The FCA's move could transform gold's role in financial systems, enhancing liquidity and accessibility, potentially impacting global markets.
CryptoBriefing•Estefano Gomez14 Sept
Buying Tokenized Gold in the UK Might Get Easier. Here's What the FCA Is Weighing
Britain’s financial watchdog is weighing whether to lift tokenized gold out of the fund rulebook entirely, a move that could change how London’s bullion vaults are used. The Financial Conduct Authority (FCA) will set out the idea on Monday, the Financial Times reported. The FCA Wants London’s Gold to Stop Sitting Still Tokenized gold gives
BeInCrypto•Kamina Bashir14 Sept
UK FCA considers bespoke rules and fund exemptions for tokenized gold: FT
Unnamed industry participants reportedly warned that UK fund rule uncertainty could slow tokenized gold development and limit investor access.
Cointelegraph•Cointelegraph by Ezra Reguerra14 Sept
UK FCA weighs regulatory exemption for tokenized gold products
The UK Financial Conduct Authority has considered exempting certain tokenized gold products from existing fund rules as regulators examine how digital bullion could be used more easily across London’s wholesale financial markets. The Financial Conduct Authority will set out the…
UK crypto firms get five-month window to seek FCA approval
UK crypto firms have been given a five-month application window, from Sep. 30 to Feb. 28, to seek Financial Conduct Authority approval before a new regulatory regime is expected to take effect in October 2027. The Financial Times published a…
Circle put USDC on Chelsea’s shirt and the FCA did not blink
The first regulated crypto company to land a Premier League shirt deal did so three months after the Financial Conduct Authority told clubs to stop signing “dodgy” sponsors. Circle is not dodgy. But the product on the shirt exists in…
UK Regulator Revisits the 2019 Ban Blocking Prediction Markets
Britain’s Financial Conduct Authority has held talks with trading platforms about easing the retail binary options ban that keeps Kalshi and Polymarket out of the UK, The Times reported. The rules are unchanged, and a second regulator still stands between the platforms and British customers. A British Change in Direction The Financial Conduct Authority has […]
Bitcoin.com News•Luci Kelemen8 Sept
UK financial watchdog weighs lifting prediction markets ban: Report
Companies offering binary options for retail investors have been barred from selling, marketing and distributing products in the UK since 2019 following a directive from the FCA.
Cointelegraph•Cointelegraph by Turner Wright7 Sept