Cryptocurrencies: Crime
Commons · Question 36621 · Tabled 10 Mar 2025 · Home Office · Official record
Answered 18 Mar 2025
Question
Asked by Mark Pritchard
To ask the Secretary of State for the Home Department, if she will introduce increased criminal sanctions for crypto exchange companies who (a) launder stolen crypto currency and (b) allow (i) criminal gangs and (ii) hostile states to trade cryptocurrenci
Answer
Answered by Dan Jarvis, 18 Mar 2025
Cryptoassets exchanges, like all businesses who launder funds, can be prosecuted under the money laundering offences in Part 7 of the Proceeds of Crime Act 2002 and fined accordingly. In April 2024, new powers came into force to enable law enforcement to ...