The FCA’s continued action against illegal crypto trading highlights the regulator’s increasingly robust approach to firms and individuals operating in the crypto asset market without the required registration. Nick Barnard, Partner at Corker Binning, is quoted in Law360 and Solicitors Journal on the FCA’s latest enforcement action against peer-to-peer illegal crypto traders.
“Although a relatively minor operation,” he says, “… the publicising of action against peer-to-peer crypto lending is all part of the FCA’s preparation for cryptoassets being brought within the regulatory perimeter in October 2027.”
As Nick explains, peer-to-peer lending platforms represent a significant financial risk, demonstrated by the fact that no such businesses have successfully registered with the FCA under the Money Laundering Regulations.
Read the articles here: Law360 and Solicitors Journal
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