Cryptocurrencies: Fraud
(asked on 17th March 2025) - View Source
Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if she will make an estimate of the amount of money lost by people in the UK to cryptocurrency fraud since 2019.
This question was answered on 25th March 2025
The Financial Conduct Authority’s most recent consumer research publication provides indications of the levels of cryptoasset related fraud in the UK. This research is available online at: https://www.fca.org.uk/publication/research-notes/cryptoasset-consumer-research-2024-wave-5.pdf.
The Government take these fraud risks very seriously, and that is why it is proceeding with proposals to introduce a comprehensive UK financial services regulatory regime for cryptoassets.