UK launches London crackdown on illegal crypto trading issuing cease and desist letters

Regulators say notices were sent to every site involved

The UK’s financial watchdog, the FCA, says it has targeted illegal crypto trading sites in London through a joint effort with tax officials and police. Acting under money laundering and terrorist financing regulations, it issued cease and desist letters at each location. The move signals tighter enforcement against platforms suspected of operating outside legal and regulatory frameworks.