24 Aug 2023

UK Government to Poll Brits on Banning Cold Calls Related to Crypto

The UK government is assessing how a cold call ban for financial products like crypto would affect legitimate businesses and consumers. completed.

While the British government mulls a ban on cold calls pitching financial products as part of a larger campaign to reduce fraud, a new public consultation has been introduced to review such a ban's potential impact on individuals and businesses.

The 19-question consultation, which began this month and will last until September 27, intends to explore the best way to design and implement the ban. The UK government highlighted a wide variety of frauds related to the loss of funds by consumers and investors, pointing to one specific case regarding cryptocurrencies.

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