News · Regulation & Policy
Regulators targeted three sites operating without registration, confirming zero peer-to-peer crypto firms are currently authorized in Britain.
Key point 1 of 3
01
The FCA, HMRC, and Metropolitan Police served cease-and-desist letters to three London premises suspected of illegal P2P crypto trading on Sept. 10, 2026.
Key point 2 of 3
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The FCA confirmed that zero peer-to-peer cryptocurrency businesses currently hold regulatory registration in the United Kingdom.
Key point 3 of 3
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The action was executed under British 2017 money laundering regulations, building upon evidence collected during a similar April 2026 sweep.
Context
UK authorities have steadily constrained informal digital asset conduits since introducing mandatory AML registration in 2020.
Why it matters
Unregistered OTC and commercial peer-to-peer dealers face elevated legal exposure and asset seizures across the UK. Institutional and retail participants operating commercially must register or risk criminal prosecution.
What to watch
The integration of broader digital asset activity into the UK financial regulatory perimeter scheduled for October 2027, as well as formal charging decisions stemming from the September raids.
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