Written Question·Treasury·UIN 60351
Cryptocurrencies: Fraud
Tabled: 16 June 2025
Answered: 24 June 2025
Question
Sarah Hall
Labour (Co-op) — Warrington South
To ask the Chancellor of the Exchequer, what estimate her Department has made of financial losses to consumers caused by cryptocurrency-related scams; and what steps she is taking to improve (a) prevention, (b) enforcement and (c) consumer protection for
Answer
Emma ReynoldsThe Financial Conduct Authority (FCA)’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/cryptoasse...
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