Written Question·Treasury·UIN 38535

Cryptocurrencies: Fraud

Tabled: 17 March 2025

Answered: 25 March 2025

Question

Sir John Hayes

Conservative — South Holland and The Deepings

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.

Answer

Emma Reynolds

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-cons...

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