Daily Brief: UK FCA targets unregistered P2P crypto traders and details licensing gateway

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UK FCA and police issue cease-and-desist notices to London P2P crypto traders

The FCA, HMRC, and Metropolitan Police served cease-and-desist letters to three London premises suspected of illegal peer-to-peer trading on Sept. 10, 2026.

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UK FCA issues perimeter guidance ahead of Sept. 30 crypto licensing gateway

The regulator outlined authorization rules spanning stablecoins, custody, and trading platforms before applications open on Sept. 30, 2026. The guidance executes a statutory mandate ahead of the regime's start on Oct.

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UK FCA chief outlines tokenization push and upcoming safeguarding rules

Nikhil Rathi announced a joint roadmap with the Bank of England to transition wholesale tokenization from sandboxes to permanent infrastructure.

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ESMA names digital innovation as strategic supervisory priority for 2027

The European Union's market watchdog will direct national supervisors toward tokenization and artificial intelligence risks starting in 2027.

The numbers

Bitcoin traded at $84,542, up 0.4% over 24 hours, while Ether fell 0.1% to $2,690, and the total market capitalization slipped 0.2% to $2.85T.

What to watch

• The opening of the UK FCA authorization gateway on Sept. 30, 2026, followed by a consultation paper on DeFi, market making, and stablecoins…
• The integration of broader digital asset activity into the UK financial regulatory perimeter scheduled for October 2027.
• The operational deployment of ESMA's digital innovation framework in 2027 following the conclusion of its ESG mandate at the end of 2026.

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