UK Government‘s Long-Term Fraud Strategy Labels Crypto as ‘Growing Risk‘

Crypto Fraud Tops UK Agenda as £14B Losses Spur New Strategy

Fraud cost the UK economy £14.4 billion between 2023 and 2024, and the government plans to spend £250 million over the next three years to fight back. In its newly published 2026–2029 fraud strategy, the Home Office identified cryptocurrency scams as a growing threat to consumers and businesses.Crypto Scams Emerge as a Core FocusThe policy paper warns that criminals are exploiting digital assets to trick victims into transferring money through s…

UK Government‘s Long-Term Fraud Strategy Labels Crypto as ‘Growing Risk‘

A policy paper from the UK government's Home Office said that “vulnerabilities remain” in authorities' attempts to fight fraud in emerging payments, including digital assets.

UK Government’s Fraud Strategy Paints Crypto as ‘Growing Risk’

Blockchain analysis firm Chainalysis argued that crypto’s transparency creates a “powerful flywheel” of fraud disruption.