questionText: 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 cryptocurrencies for other assets.
answerText: 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 ...
heading: Cryptocurrencies: Crime