Financial Conduct Authority

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Coinbase adverts banned in UK for suggesting crypto could ease cost of living crisis

Advertising, ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Cryptocurrencies, Financial Conduct Authority, George Osborne, Media, Politics, Regulators, UK news

Advertising Standards Authority says firm advised by George Osborne ‘trivialised risks of cryptocurrency’A cryptocurrency company advised by George Osborne has been banned from showing a set of adverts that suggested using its services could be a solution to the cost of living crisis.Coinbase, which appointed the former Conservative chancellor to chair its global advisory council […]

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UK exposed to ‘serious harm’ by failure to tackle AI risks, MPs warn

ai, AI (Artificial Intelligence), Artificial Intelligence, Bank of England, Business, Financial Conduct Authority, Regulators, Technology, UK news

Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sectorConsumers and the UK financial system are being exposed to “serious harm” by the failure of government and the Bank of England to get a grip on the risks posed by artificial intelligence, an influential parliamentary committee has warned.In

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