2 people arrested in UK for alleged £1bn illegal cryptocurrency exchange; FCA investigation ongoing.
UK's financial watchdog and London police arrested two people in connection with an alleged £1bn illegal cryptocurrency exchange. The Financial Conduct Authority (FCA) said the pair, aged 38 and 44, were released on bail and the investigation is ongoing. The suspects' offices were raided, and police seized devices in searches of two London properties. Under UK financial rules, crypto businesses need to be registered with the FCA under money laundering rules.
June 20, 2024
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