UK Gov to Ban Cold Calls on Financial Products Including Crypto to Combat Fraud

Fraud makes up over 40% of crime in the country, and costs the U.K. government 7 billion British pounds (US$8.8 billion) a year, U.K. Prime Minister Rishi Sunak said in the statement. The country wants to crack down on fraud and scams, and is setting up a National Fraud Squad to tackle related crime with 400 new posts.