UK government‘s long-term fraud strategy labels crypto as ‘growing risk‘
The UK government's long-term fraud strategy has identified cryptocurrency as a "growing risk" in the context of financial crime. The strategy emphasizes the increasing use of crypto assets in various fraudulent activities, including scams and money laundering. It outlines measures to enhance regulation and oversight of the crypto sector to combat these risks. Additionally, the government plans to work with law enforcement and industry stakeholders to improve detection and prevention efforts related to crypto-related fraud.
Read the full article: Coin Telegraph