According to Odaily, two individuals have been apprehended by the UK Financial Conduct Authority (FCA) and the London Police for allegedly running an illegal cryptocurrency business worth $1.3 billion. The FCA has expressed its commitment to preventing cryptocurrency companies from operating unlawfully.
The suspects, whose identities have not been disclosed, are currently under investigation for their involvement in the illicit operation. The FCA and the London Police have not released further details about the case, including the specific nature of the alleged illegal activities.
The arrest is part of a broader crackdown on illegal cryptocurrency operations in the UK. The FCA has been actively working to regulate the cryptocurrency market and prevent fraudulent activities. This case underscores the regulatory body's commitment to maintaining the integrity of the financial market and protecting consumers from potential risks associated with unregulated cryptocurrency operations.
