Some British lawmakers say the country’s banks are impeding the cryptocurrency sector’s growth. As the Financial Times (FT) reported Tuesday (Aug. 11), these lawmakers warn that lenders’ refusal to offer services to crypto companies and investors is one of the largest obstacles to the digital asset sector’s...
Europe’s new digital asset regulation could help transform the ownership structure of the cryptocurrency sector. That’s according to a report Sunday (July 26) by CoinDesk, which says that companies are now facing the cost of doing business under the new Markets in Crypto Assets (MiCA)...
Banks and FinTechs are racing to put AI agents to work. The agencies that police them are doing the same thing. The U.K. Financial Conduct Authority is embedding artificial intelligence across supervision and enforcement as it prepares to absorb about 60,000 additional businesses into its...
Financial regulation was built around a specific relationship: a licensed adviser who owes the client a duty of care, carries professional indemnity insurance and answers to a regulator if something goes wrong. General-purpose artificial intelligence (AI) models carry none of those obligations. They are not...
December 10, 2024
A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks, mainstays of financial services that have been around for decades — even centuries. While these digitally focused challengers promise to bring financial services and products to just about anyone who […]
June 05, 2024
The respective online “walls of shame” that U.S. and U.K. regulators have proposed to erect — spotlighting companies under various investigations — may have a chilling effect on competition and...
February 15, 2023
The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by the HM Treasury, comes two...
December 24, 2021
This Christmas, the U.K.’s Financial Conduct Authority (FCA) is taking the fight against fraud to a whole new musical level. Earlier this month, the financial watchdog announced in a statement...
September 07, 2026
The United Kingdom’s 7-year-old ban on prediction markets could be coming to an end, The Times reported Friday (Sept. 4). Regulators have held discussions with trading platforms about possibly easing the ban, according to the report, which said the move comes as U.K. consumers increasingly use United States prediction sites like Kalshi and Polymarket. The […]
August 11, 2026
Some British lawmakers say the country’s banks are impeding the cryptocurrency sector’s growth. As the Financial Times (FT) reported Tuesday (Aug. 11), these lawmakers warn that lenders’ refusal to offer services to...
July 26, 2026
Europe’s new digital asset regulation could help transform the ownership structure of the cryptocurrency sector. That’s according to a report Sunday (July 26) by CoinDesk, which says that companies are...
June 25, 2026
Starting next month, new pay later protections go into effect for British consumers. However, companies shouldn’t focus solely on the onset of those regulations, Alison Walters, director of consumer finance...