6 stories tagged #Financial Conduct Authority

  1. Binance Faces £150M UK Class Action Over Unauthorized Crypto Derivatives
    world

    Binance Faces £150M UK Class Action Over Unauthorized Crypto Derivatives

    A group of 1,700 investors is suing Binance and its founder for allegedly selling high-risk crypto derivatives to UK residents without regulatory approval, seeking substantial damages.

    last wk. 1 min read
  2. UK Slashes Stablecoin Capital Rules, Creating Regulatory Gap with EU
    finance

    UK Slashes Stablecoin Capital Rules, Creating Regulatory Gap with EU

    The UK's Financial Conduct Authority cuts stablecoin issuer capital requirements to 1%, undercutting the EU's MiCA framework to position Britain as a global crypto hub.

    last wk. 1 min read
  3. UK Regulators Urge Firms to Mitigate Frontier AI Cyber Risks
    tech

    UK Regulators Urge Firms to Mitigate Frontier AI Cyber Risks

    British finance authorities, including the BoE and FCA, warn that frontier AI models pose escalating cyber threats to firms, customers, and financial stability.

    2mo ago 1 min read
  4. UK Regulators Scramble to Assess Anthropic AI Model Risks
    tech

    UK Regulators Scramble to Assess Anthropic AI Model Risks

    British financial regulators are urgently meeting with cybersecurity experts and major banks to evaluate potential risks from Anthropic's new AI model.

    3mo ago 1 min read
  5. Meta Failed to Block Over 1,000 Illegal Financial Ads in Britain in One Week
    tech

    Meta Failed to Block Over 1,000 Illegal Financial Ads in Britain in One Week

    Britain’s financial regulator found Meta repeatedly allowed unauthorised, high-risk financial ads despite a 2022 pledge to stop them.

    4mo ago 1 min read
  6. UK Regulator Explores Crypto for Gambling Payments
    crypto

    UK Regulator Explores Crypto for Gambling Payments

    UK Gambling Commission considers allowing crypto to fund bets, balancing innovation with consumer protection and combating illicit sites.

    4mo ago 1 min read