UK Arrests Pair in Alleged £1 Billion Illegal Crypto Firm
- London offices were raided by police and financial watchdog
- FCA has been cracking down on unregulated crypto firms
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The UK’s financial watchdog and London police arrested two people in connection with an alleged illegal cryptocurrency exchange worth more than £1 billion ($1.3 billion).
The Financial Conduct Authority said Thursday the pair, 38 and 44-years old, were released on bail and the investigation is ongoing.