Search results for House of Lords
Crypto
UK FCA finalises crypto authorisation guidance; applications open Sept. 30
Britain\'s Financial Conduct Authority has issued final guidance on which cryptoasset businesses will require authorisation under a new digital asset regulatory framework. Applications will open on Sept. 30, and existing registered firms must reassess their status because registrations and permissions will not automatically carry over. Firms seeking transitional arrangements must apply by Feb. 28, 2027. The new regime is scheduled to take effect on Oct. 25, 2027.
Crypto
UK House of Lords passes amendment grouping crypto, stablecoins and tokenised assets
Britain\'s House of Lords passed an amendment requiring the government to draw up a comprehensive national digital asset strategy covering cryptocurrencies, stablecoins and tokenised securities. The amendment was approved 194 to 138 during the report stage of the Financial Services and Markets Bill, despite opposition from the Labour government. It would require the Treasury to publish the strategy within 12 months of enactment and seek public input. The bill still faces further votes and consideration by the House of Commons.
Games & Commerce
UK weighs curbing addictive social media features rather than total ban for under-16s
The British government is expected to unveil proposals within weeks to regulate social media use by those under 16, with a focus on limiting addictive design features rather than imposing a blanket ban. Measures being discussed include restrictions on infinite scroll, video autoplay and notifications, as well as limits on likes, comments and recommendation algorithms. Platforms have pushed device-based age controls, while a total ban is not fully ruled out.
