Written Question·Home Office·UIN 36621

Cryptocurrencies: Crime

Tabled: 10 March 2025

Answered: 18 March 2025

Question

Mark Pritchard

To ask the Secretary of State for the Home Department, if she will introduce increased criminal sanctions for crypto exchange companies who (a) launder stolen crypto currency and (b) allow (i) criminal gangs and (ii) hostile states to trade cryptocurrenci

Answer

Dan Jarvis

Cryptoassets exchanges, like all businesses who launder funds, can be prosecuted under the money laundering offences in Part 7 of the Proceeds of Crime Act 2002 and fined accordingly. In April 2024, new powers came into force to enable law enforcement to ...

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