FCA extends crypto oversight campaign with fresh raids on illegal P2P operators

Crypto Insight Summary: The UK’s Financial Conduct Authority (FCA), working with HM Revenue & Customs (HMRC) and the Metropolitan Police, hit three London premises with cease and desist orders on suspicions that they are outlets for illegal peer-to-peer (P2P) crypto businesses. No arrests were disclosed in the sweep, the second such in 2026. Along with recent documents from... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory crackdown on P2P crypto operations in UK may deter investors.