Trending Now - UK Launches Nationwide Raids to Combat Illegal Crypto Trading

WHO:

The Block - The UK's Financial Conduct Authority (FCA) is involved in the operation.

WHAT:

The Block - The FCA has conducted its first joint operation to disrupt illegal peer-to-peer crypto trading.

Cointelegraph - The FCA raided eight locations suspected of illegal peer-to-peer crypto trading and issued cease-and-desist orders.

WHERE:

The Block - The operation targeted eight premises across London.

WHEN:

The Block - The operation took place in April 2026.

WHY:

Cointelegraph - The operation aims to combat illegal peer-to-peer crypto trading.

HOW:

The Block - The operation was a coordinated effort by the FCA to disrupt illegal activities in the crypto trading sector.

(UPDATED April 22, 2026 17:25 UTC)

The UK's Financial Conduct Authority has launched its first joint operation to disrupt illegal peer-to-peer crypto trading, targeting eight locations across London. This coordinated effort involved raiding these premises and issuing cease-and-desist orders to combat the illegal activities in the crypto trading sector. The operation took place in on Monday26 and marks a significant step by the FCA in addressing concerns over unregulated trading practices.