UK FCA Targets Illegal Crypto P2P Trading in Nationwide Raids
Published on April 22, 2026.
The UK's Financial Conduct Authority (FCA) has conducted nationwide raids targeting illegal peer-to-peer (P2P) crypto trading operations. The Financial Services and Markets watchdog worked with HM Revenue & Customs and the South West Regional Organised Crime Unit to inspect eight locations linked to illegal P2P trading. Officials issued cease-and-denial notices, ordering operators to halt activity immediately, while investigating ongoing criminal investigations. This is the first time the FCA has focused on P2 P crypto trading and follows a series of enforcement steps against the sector. The FCA's upcoming crypto regulatory regime is expected to take effect in 2027.
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