UK Treasury
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UK Lords report raises concerns about credit and regulatory arbitrage
The Financial Services Regulation Committee says financial stability is at risk as a result of the significant growth in private markets.
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FCA to fully regulate crypto in October 2027
Crypto will be regulated in the same way as other financial products.
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GRIP Extra: Predictions of deregulation in US, corporate culture problems in Australia
Other news includes restrictions on AI chips going to China, Spanish floods have significant impact on insurers and TikTok’s Canadian entity shuttered.
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UK to exclude unbacked cryptos from new Digital Securities Sandbox
The DDS legal framework will not include derivatives and unbacked cryptocurrencies such as bitcoin.
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Crypto ATMs targeted, US exchanges fined, Coinbase downgraded and more UK US friction
From a crypto crackdown to more fines, we look at the past week in crypto.
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“This is a key moment for the open banking regulatory regime,” says Tory MP at IFGS
Andrew Griffiths MP’s speech at Innovate Finance Global Summit 2023 reiterated the UK government’s commitment to evolving a framework for digital currencies.
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UK government confirms CMAR to be scrapped
Move is part of wider assessment post-Brexit.
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UK launches CBDC consultation
The initial phase of discussions on a digital pound will last until June.