UK Watchdog Targets London Crypto Sites

Britain financial watchdog took action against illegal cryptocurrency trading by targeting three London premises. Officials issued cease and desist letters to curb unregistered operations linked to money laundering risks.

Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville

United Kingdom regulators targeted three London sites suspected of running illegal peer-to-peer cryptocurrency trading operations during a morning raid. Officials issued cease-and-desist letters across the unregistered locations.

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