Petition Require organisations providing Cryptocurrency services to hold insurance

Require cryptocurrency exchanges to hold insurance to cover victims of fraud and theft against massive financial losses through no fault of their own

More details

Victims of fraud and identity theft where money is transferred via Cryptocurrency often find they are unable to recover any lost funds due to the irreversible nature of the transactions

Often people who fall short of these circumstances are older and/or retired and could lose their life savings to criminals

I would like the government to put into legislation a requirement for Cryptocurrency Exchanges to hold insurance cover to protect victims of these scams

This petition is closed This petition ran for 6 months

21 signatures

Progress of the petition towards its next target: 21 of 10,000 signatures required to get a government response

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10,000 signatures required to get a government response

Date closed 26 October 2023
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