FCA Cracks Down on Unregulated P2P Crypto Trading in London

The UK's Financial Conduct Authority (FCA) has targeted three London sites in its renewed crackdown on peer-to-peer (P2P) cryptocurrency trading.

According to reports, the FCA is focusing on areas where P2P platforms are operating without proper authorization. The authority has been increasing scrutiny of the sector since 2019, when it launched a review of the industry's regulatory framework.

The FCA has not disclosed specific details about the targeted sites or any potential enforcement actions. However, the move is seen as a continuation of efforts to protect consumers and maintain market integrity in the rapidly evolving cryptocurrency landscape.