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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. The policy paper warns that criminals are exploiting digital assets to trick victims into transferring money through social media and messaging apps. It labels crypto among the “emerging payments” where “vulnerabilities remain,” calling its risks both financial and reputational. Authorities say they are enhancing ... (full story)
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