Our regular roundup of the latest news and developments from the FCA.
UK Treasury
The Financial Services Regulation Committee says financial stability is at risk as a result of the significant growth in private markets.
Crypto will be regulated in the same way as other financial products.
Other news includes restrictions on AI chips going to China, Spanish floods have significant impact on insurers and TikTok's Canadian entity shuttered.
The DDS legal framework will not include derivatives and unbacked cryptocurrencies such as bitcoin.
From a crypto crackdown to more fines, we look at the past week in crypto.
Andrew Griffiths MP's speech at Innovate Finance Global Summit 2023 reiterated the UK government's commitment to evolving a framework for digital currencies.
Move is part of wider assessment post-Brexit.