UK FCA conducts raids on multiple suspected illegal P2P cryptocurrency trading platforms

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Golden Finance reports that on April 22, the UK Financial Conduct Authority recently, in cooperation with HM Revenue & Customs and the South West Regional Organized Crime Unit, conducted raids on eight locations within the UK suspected of engaging in illegal P2P cryptocurrency trading. Officials issued injunctions on-site, demanding operators cease activities immediately and gather relevant evidence.
The UK Financial Conduct Authority pointed out that currently, no P2P cryptocurrency traders or platforms are registered with this regulatory body in the UK. Additionally, during the recent Operation Atlantic conducted by multiple law enforcement agencies, assets worth $12 million related to cryptocurrency scams were frozen, and over $45 million in stolen cryptocurrencies were traced. The UK Financial Conduct Authority has also begun consulting on the cryptocurrency regulatory framework guidelines set to take effect in 2027.

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