United Kingdom to Ban Cold Calls Linked to Financial Products and Crypto

As wire fraud emerges among the top crimes in the UK, the government is set to tackle the issue starting with cold calls.

The plans of the UK’s government were by the news portal Bloomberg on May 2nd. As part of the new fraud strategy, the UK government announced the creation of 400 new jobs to bolster intelligence-led policing efforts. The government is set to , the nation’s telecoms regulator, It is believed that this technology should stop fraudsters from faking legitimate UK phone numbers. According to a Bloomberg report, , affecting 1 in 15 people. Therefore, the government aims to . Moreover, the January 29th from the Bureau of Investigative Journalism revealed that . The UK government has been working to tighten its grip on cryptocurrency companies operating in the region by requiring under the Financial Services and Markets Act (FSMA) rules. The FCA, however, has , resulting in numerous crypto-related businesses remaining unregistered. The regulator is attempting to . UK Prime Minister Rishi Sunak has emphasized the devastating impact of scammers, vowing to combat them at every turn. The government also plans that scammers use to reach large numbers of people simultaneously and will to prevent criminals from abusing the technology.

Robert Wilson
Robert Wilson author

As the overseer of NicheBot's editorial content, I am committed to ensuring that all information published on our website is both accurate and relevant to our readers. My fervent support for the crypto industry has led me to closely monitor the developments within it since 2012, and I have contributed extensively to discussions and debates surrounding the world of Bitcoin.

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