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UK selects firms to develop Apache wingman drone prototypes
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Slashdot
- Campaigner Launches $2 Billion Legal Action In UK Against Apple Over Wallet's 'Hidden Fees'
Campaigner Launches $2 Billion Legal Action In UK Against Apple Over Wallet's 'Hidden Fees'
Read more of this story at Slashdot.
Britain orders ECRS Mk2 radars for Typhoon fleet
UK sends Typhoon fighters to Gulf region
GM Defense expands UK operations ahead of LMV tender
UK Appoints AI Champions to Boost Financial Services
Harriet Rees from Starling Bank and Dr Rohit Dhawan from Lloyds Banking Group will spearhead AI adoption.
The post UK Appoints AI Champions to Boost Financial Services appeared first on TechRepublic.
UK Appoints AI Champions to Boost Financial Services
Harriet Rees from Starling Bank and Dr Rohit Dhawan from Lloyds Banking Group will spearhead AI adoption.
The post UK Appoints AI Champions to Boost Financial Services appeared first on TechRepublic.
Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance
UK MPs warn regulatorsβ hands-off stance on AI in finance risks consumer harm, fraud, and systemic shocks as adoption outpaces oversight.
The post Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance appeared first on TechRepublic.
Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance
UK MPs warn regulatorsβ hands-off stance on AI in finance risks consumer harm, fraud, and systemic shocks as adoption outpaces oversight.
The post Lawmakers Raise Concerns Over Unchecked AI Use in UK Finance appeared first on TechRepublic.
UK Mulls Australia-Like Social Media Ban For Users Under 16
Read more of this story at Slashdot.
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Cryptonews
- UK Regulators βExposing Consumers to Serious Harmβ as AI Oversight Gaps Widen β Committee Warns
UK Regulators βExposing Consumers to Serious Harmβ as AI Oversight Gaps Widen β Committee Warns
The regulators in the U.K. are being cautioned that their existing approach to artificial intelligence in financial services may expose consumers to severe harm, as loopholes in regulation increase when AI is taking off more rapidly in the industry.
The Treasury Select Committee has issued this warning, saying the Bank of England, the Financial Conduct Authority, and HM Treasury have been over-reliant on a wait-and-see strategy when AI is already in the heart of financial decision-making.
In a report published on January 20, the committee said the pace of AI adoption has outstripped the regulatorsβ ability to manage its risks.
Approximately 75% of financial services companies in the UK are currently employing AI, with the most intense adoption amongst insurers and major global banks.
Although MPs admitted that AI is able to enhance efficiency, accelerate customer services, and enhance cyber defenses, they concluded that all that is being compromised by unaddressed risks to both consumers and financial stability.
Lawmakers Say UKβs AI Approach in Finance Is Too Reactive
Currently, there is no specific AI legislation for financial services in the UK. Rather, regulators use pre-existing rules and claim they are flexible enough to include new technologies.
The FCA has pointed to the Consumer Duty and the Senior Managers and Certification Regime as providing sufficient protection, while the Bank of England has said its role is to respond when problems arise rather than regulate AI in advance.
The committee rejected this position, saying it places too much responsibility on firms to interpret complex rules on their own.
AI-driven decisions in credit and insurance are often opaque, making it difficult for customers to understand or challenge outcomes.
Automated product tailoring could deepen financial exclusion, particularly for vulnerable groups. Unregulated financial advice generated by AI tools risks misleading users, while the use of AI by criminals could increase fraud.
β Cryptonews.com (@cryptonews) February 13, 2025
A 2024 @chainalysis report reveals that cryptocurrency scams defrauded victims of at least $9.9 billion, with AI-powered fraud and pig butchering scams surging by 40%.#CryptoScams #CryptoFraud #AIhttps://t.co/Mt5c5XXmOL
The committee said these issues are not hypothetical and require more than monitoring after the fact.
Regulators have taken some steps, including the creation of an AI Consortium and voluntary testing schemes such as the FCAβs AI Live Testing and Supercharged Sandbox.
However, MPs said these initiatives reach only a small number of firms and do not provide the clarity the wider market needs.
Industry participants told the committee that the current approach is reactive, leaving firms uncertain about accountability, especially when AI systems behave in unpredictable ways.
AI Risks Rise as UK Regulators Lag on Testing and Oversight
The report also raised concerns about financial stability, as AI could amplify cyber risks, concentrate operational dependence on a small number of US-based cloud providers, and intensify herding behavior in markets.
Despite this, neither the FCA nor the Bank of England currently runs AI-specific stress tests. Members of the Bankβs Financial Policy Committee said such testing could be valuable, but no timetable has been set.
Reliance on third-party technology providers was another focus.
Although Parliament created the Critical Third Parties Regime in 2023 to give regulators oversight of firms providing essential services, no major AI or cloud provider has yet been designated.
This delay persists despite high-profile outages, including an Amazon Web Services disruption in October 2025 that affected major UK banks.
β Cryptonews.com (@cryptonews) October 20, 2025
Multiple major platforms β including Snapchat, Amazon, Coinbase, β went down early Monday due to an AWS outage. #AWS #Outage https://t.co/tsgRVsx830
The committee said the slow rollout of the regime leaves the financial system exposed.
The findings land as the UK continues to promote a pro-innovation, principles-based AI strategy aimed at supporting growth while avoiding heavy-handed regulation.
The government has backed this stance through initiatives such as the AI Opportunities Action Plan and the AI Safety Institute.
However, MPs said ambition must be matched with action.
The post UK Regulators βExposing Consumers to Serious Harmβ as AI Oversight Gaps Widen β Committee Warns appeared first on Cryptonews.

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Slashdot
- Britain Has 'Moved Away' From Aligning With EU Regulation, Financial District's Ambassador Says
Britain Has 'Moved Away' From Aligning With EU Regulation, Financial District's Ambassador Says
Read more of this story at Slashdot.
London Mayor Urges Stronger Regulation as AI Threatens Workforce
To help rectify the situation, the mayor has unveiled plans for free AI skills training and a new taskforce aimed at protecting jobs in the capital.
The post London Mayor Urges Stronger Regulation as AI Threatens Workforce appeared first on TechRepublic.
London Mayor Urges Stronger Regulation as AI Threatens Workforce
To help rectify the situation, the mayor has unveiled plans for free AI skills training and a new taskforce aimed at protecting jobs in the capital.
The post London Mayor Urges Stronger Regulation as AI Threatens Workforce appeared first on TechRepublic.
UK Scraps Mandatory Digital ID Enrollment for Workers After Public Backlash
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Ars Technica
- Deny, deny, admit: UK police used Copilot AI βhallucinationβ when banning football fans
Deny, deny, admit: UK police used Copilot AI βhallucinationβ when banning football fans
After repeatedly denying for weeks that his force used AI tools, the chief constable of the West Midlands police has finally admitted that a hugely controversial decision to ban Maccabi Tel Aviv football fans from the UK did involve hallucinated information from Microsoft Copilot.
In October 2025, Birmingham's Safety Advisory Group (SAG) met to decide whether an upcoming football match between Aston Villa (based in Birmingham) and Maccabi Tel Aviv could be held safely.
Tensions were heightened in part due to an October 2 terror attack against a synagogue in Manchester where several people were killed by an Islamic attacker.


Β© Getty Images
UK drops mandatory digital ID for workers after backlash and liberty concerns
- Almost three million people signed a parliamentary petition opposing mandatory digital ID cards.
- Digital right-to-work checks will remain mandatory under the updated policy approach.
- The UK digital ID scheme, expected around 2029, will be offered as optional alongside electronic alternatives.
The UK government, led by Prime Minister Keir Starmer, has dropped plans to make a centralised digital ID mandatory for workers, stepping back from a proposal that would have changed how employees prove their right to work.
Under the original plan, workers would have been required to use a government-issued digital credential, rather than relying on traditional documents such as passports.
The reversal follows months of criticism from politicians and civil liberties campaigners, as well as a large-scale public response that questioned whether employment access should depend on one centralised system.
Critics warn of surveillance and data security risks
The mandatory digital ID proposal drew backlash from opponents across the political spectrum, including UK Member of Parliament Rupert Lowe and Reform UK leader Nigel Farage.
Civil liberties groups and campaigners also raised concerns about how a centralised identifier could be used over time.
Opponents warned it could lead to an βOrwellian nightmareβ by giving the state a stronger ability to monitor citizens.
Another major fear was that centralising sensitive personal data could create a single βhoneypotβ vulnerable to hacking and misuse.
Critics also pointed to the risk of mission creep, where a scheme launched for employment checks could gradually expand into other areas, including housing, banking, and voting.
Petition pressure forces a policy climbdown
Public resistance to mandatory digital ID became visible through formal political channels.
Almost three million people signed a parliamentary petition opposing digital ID cards, making the issue difficult for ministers to ignore.
Lowe celebrated the policy shift in a video posted on X, saying he was off for βa very large drink to celebrate the demise of mandatory Digital IDβ.
Farage also backed the rollback, calling it βa victory for individual liberty against a ghastly, authoritarian governmentβ.
Digital right-to-work checks stay mandatory from government
Despite dropping plans for a mandatory digital ID credential, officials say digital right-to-work checks will remain mandatory.
That means the government is still committed to keeping employment verification in a digital process, even if it is no longer built around a single government ID system.
When the UKβs digital ID scheme launches around 2029, it is now expected to be optional rather than compulsory.
Instead of becoming the only approved route for proving work eligibility, it will be offered alongside alternative electronic documentation.
Digital euro, EU identity, and crypto privacy debates return
The UKβs partial rollback is also feeding into wider debates about digital control systems, including central bank digital currencies and the European Central Bankβs digital euro project.
In those discussions, civil society groups and some lawmakers have argued for strict privacy guarantees rather than systems that could allow broad traceability.
At the same time, the European Union is moving ahead with its own digital identity framework and digital euro work, while exploring privacy-preserving designs.
One approach includes using zero-knowledge proofs, allowing citizens to prove attributes such as age or residency without revealing their full personal information.
These designs connect to decentralised identity tools and privacy-preserving blockchain technologies, including zero-knowledge credential systems and privacy-enhancing smart contract structures.
The aim is to support compliance while minimising how much personal data is exposed or stored in one place.
Privacy-focused crypto tools have also remained in focus, including privacy coins such as Zcash (ZEC) and Monero (XMR), alongside decentralised identity protocols.
Interest in these tools has continued as regulators step up scrutiny of DeFi and explore identity checks for self-hosted wallets.
The US Treasuryβs proposed DeFi ID framework, alongside renewed attention on privacy tokens, shows how policymakers are testing stronger Anti-Money Laundering and Know Your Customer controls on-chain, even as builders push alternative designs.
The post UK drops mandatory digital ID for workers after backlash and liberty concerns appeared first on CoinJournal.

UKβs FCA grants regulatory approval to Ripple
- The approval allows limited crypto-related activities but not full financial services authorisation.
- Registration confirms compliance with anti-money laundering and counter-terrorist financing rules.
- The approval supports Rippleβs expansion in regulated international markets.
Ripple has taken a formal step into the regulated UK crypto market after securing approval from the countryβs financial watchdog.
The development places Ripple among a limited group of digital asset firms that have met the UKβs compliance standards, at a time when regulators are tightening supervision of the sector.
The move reflects how crypto companies are increasingly navigating jurisdiction-by-jurisdiction rules to maintain access to key financial centres.
For the UK, it also underscores efforts to bring crypto activity within an established regulatory perimeter rather than leaving it to operate on the margins.
FCA registration status
Rippleβs UK subsidiary, Ripple Markets UK Ltd., has been registered with the Financial Conduct Authority under the countryβs money laundering regulations.
The update appeared on the FCAβs official register on Friday, confirming that the entity has satisfied the regulatorβs requirements related to financial crime controls.
Registration under these rules signals that Ripple complies with UK standards on anti-money laundering and counter-terrorist financing.
Firms listed on the register are required to monitor transactions, carry out customer due diligence, and report suspicious activity.
For crypto businesses, this registration is a legal requirement to operate certain services in the UK.
Scope of the approval
While the registration allows Ripple to carry out specific crypto-related activities, it does not amount to full financial services authorisation.
The FCAβs approval is limited in scope and does not permit activities such as offering regulated investment products or providing broader banking services.
This distinction is central to the UKβs regulatory framework for digital assets.
Crypto firms can gain entry to the market by meeting baseline compliance requirements, but further permissions are needed as business models expand into more heavily regulated areas.
Rippleβs status reflects compliance with financial crime rules rather than a comprehensive licence.
UK regulatory direction
Rippleβs approval comes as the UK seeks to position itself as a global hub for digital assets while strengthening oversight.
Policymakers have been working to integrate crypto firms into existing regulatory structures, focusing first on areas such as money laundering and terrorist financing risks.
The FCA has adopted a selective approach to crypto registrations, with many applicants failing to meet its standards in previous years.
Against this background, inclusion on the register indicates that Ripple has cleared a relatively high compliance bar.
The process also highlights the regulatorβs emphasis on governance and controls rather than rapid market expansion.
The post UKβs FCA grants regulatory approval to Ripple appeared first on CoinJournal.

Fake UK Council Posts Show the Power of AI Misinformation
This was in Yorkshire, UK. But it could happen anywhere.
The post Fake UK Council Posts Show the Power of AI Misinformation appeared first on TechRepublic.