United Kingdom · Question · Written question
UIN 36621
Cryptocurrencies: Crime
Introduced
10 March 2025
Last action
18 March 2025 · Answer
Status
Answered
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—
Subjects
Discovery layer
Source updated
18 March 2025
Summary
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
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Timeline
10 March 2025
Written question
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
Source: Commons
18 March 2025
Answer
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 ...
Source: Written answer
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- · Home Office · Answering body
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- Official source: https://questions-statements.parliament.uk/written-questions/detail/2025-03-10/36621
- Open data entity: https://questions-statements-api.parliament.uk/api/writtenquestions/questions/1782586
- uk · wq-1782586 · source updated 18 March 2025