FCA, HMRC and London police shut down three illegal P2P crypto exchanges
- —Raids took place at several London locations, with 3 P2P platforms inspected
- —Operators were ordered to immediately cease unregistered activity
- —FCA: commercial P2P crypto trading requires AML registration
- —There are currently no FCA-registered P2P crypto services in the UK
Why it matters: It intensifies pressure on the illegal P2P segment in the UK: informal exchanges lose the ability to operate without AML registration.
Source: PANews