Bank of England and FCA Unveil Tokenized UK Markets Proposal

Revolut launched its first physical crypto card on May 18, a Dogecoin-themed LED card for the UK and EEA. Revolut announced on May 18 that it is launching its first physical crypto card, a Dogecoin-themed debit card with an LED…

Standard Chartered projects $4 trillion in tokenized assets onchain by 2028, with mature DeFi protocols as the main beneficiaries. Standard Chartered projects that $4 trillion in tokenized assets will sit onchain by the end of 2028, evenly split between stablecoins…

The UK’s central bank and financial regulator have launched a joint Call for Input as tokenization moves from “pilots to production.”

Ofcom to update codes of practice amid rise in ‘revenge porn’ and AI-generated deepfakes targeting women and girls Social media, messaging platforms and online forums that publish intimate image abuse – often intended to humiliate women and girls – are being instructed to follow new guidelines to stop it spreading. Ofcom said it will change its codes of practice to force service providers to detect and quash intimate image abuse – sometimes called “revenge porn” – and crack down on AI-generated deepfakes. A wave of deepfakes emerged in January when Elon Musk’s Grok AI was widely used to create sexualised videos of women in bikinis. Continue reading...

The joint framework could enhance market efficiency and competitiveness, fostering innovation and potentially reshaping global financial systems. The post Bank of England and FCA unveil joint framework to accelerate tokenization across wholesale markets appeared first on Crypto Briefing.

The FCA and Bank of England are seeking feedback on new tokenization guidance and plans to extend operating hours for the UK’s core payment and settlement infrastructure toward near-24/7 availability.

As stewards of vast quantities of data, the sector could play a critical role in fuelling the digital economy

Startup has declined to release Claude Mythos AI model publicly amid fears it could be used by hackers Business live – latest updates Anthropic is to brief the global finance watchdog on the implications of its Claude Mythos AI model, whose potential threat to cyber defences has alarmed experts. The US startup will discuss Mythos with the Financial Stability Board, which is chaired by the governor of the Bank of England, Andrew Bailey. Continue reading...