UK crackdown on illegal crypto trading sites in London
Crypto Briefing·60-word summary·1 min read
The UK has intensified its crackdown on illegal crypto trading sites in London, aiming to curb unauthorized activities. This increased regulatory scrutiny, announced in April 2026, could impact market dynamics and potentially hinder innovation within the crypto sector. The move reflects the UK’s broader efforts to regulate and control unlicensed crypto operations.
Bitcoin Magazine's “Bitcoin as Everyday Money” event at Bitcoin 2026 aims to rally industry support for de minimis tax relief, treating small digital asset transactions like cash. Leaders from Block and the Bitcoin Policy Institute will advocate for policies that include Bitcoin and stablecoins, responding to proposals that favor only stablecoins. The event highlights ongoing policy debates.
Ether ETFs saw a $43.36 million inflow, extending their nine-day streak, with Blackrock ETHA leading the demand. Bitcoin ETFs added $11.84 million, while XRP and Solana remained inactive. The overall trend indicates strong investor interest in Ether-based products, reflecting continued confidence in the asset class as of April 22, 2026.
The UK’s Financial Conduct Authority led a multi-agency raid in London on April 22, 2026, marking a shift from warnings to enforcement. Authorities found no legally registered peer-to-peer crypto traders operating in the country, signaling increased regulatory scrutiny and efforts to crack down on unregistered crypto activities. The move underscores the UK’s tightening stance on crypto compliance.
U.S. Treasury Secretary Scott Bessent urged the Senate on April 19, 2026, to pass comprehensive crypto market structure legislation to maintain U.S. financial leadership. Bessent emphasized the importance of clear regulations for the crypto industry, highlighting the need for legislative action to ensure the sector's growth and stability amid evolving global markets.
XRP surpassed the $1.45 mark on April 22, 2026, amid zero inflows to its ETFs, indicating a disconnect between price movement and capital flow. This suggests institutional investors are in a holding pattern, raising questions about the underlying support for the asset. The unusual market behavior highlights a period of uncertainty despite the price increase.
An analyst predicts Bitcoin could reach $200,000 by 2026, based on a long-term cycle analysis. The forecast is supported by historical buy zones in 2019 and 2022, which preceded major rallies. The current setup suggests a 233% increase from the current price, with the next peak expected in 2026, following a pattern of diminishing rally percentages.