Search results for House of Lords
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.
Telecommunications & Media
Youth social media curbs have little carbon-cut impact as servers keep running
Banning minors from using social media is unlikely to reduce carbon emissions because data centres and network infrastructure continue consuming power regardless of users\' ages, according to a report. Even if youth accounts are blocked, apps do not disappear and servers do not shut down. Critics also say overall screen time may not fall if teens switch to other content. They argue more direct measures should target data centres, platform energy use and video streaming.
