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.
The UK government has issued a policy paper on how to combat fraud against individuals and businesses from 2026 to 2029, specifically noting that its strategy would consider digital assets.
In a paper published on Monday, the UK’s Home Office identified cryptocurrencies as one medium of exchange “where victims are deceived into willingly transferring money” through scams on social media platforms and messaging. According to authorities, “vulnerabilities remain” in their attempts to fight fraud in emerging payments like crypto, and the technology posed “growing risks” for consumers.
“The [National Crime Agency] launched a nationwide campaign in 2025 to help consumers spot fraud, and the Government is also supporting law enforcement, including the Serious Fraud Office (SFO), to enhance cryptoasset investigation capabilities,” said the UK government.