The UK is to set to ban cold calls that sell financial products including insurance and cryptocurrencies in an effort to crack down on fraud, which costs the country around £7 billion ($8.7 billion) a year.
Announcing its new fraud strategy, the UK pledged 400 new jobs to update its approach to intelligence-led policing. The government will work with telecoms regulator Ofcom to use new technology to undermine phone number “spoofing,” so fraudsters cannot impersonate legitimate UK phone numbers.
Source: UK to Ban Cold Calls Selling Crypto to Clamp Down on Fraud – Bloomberg
