Bloomberg Tech

Sunak Bows to Demands to Make Tech Chiefs Liable for Online Harm

Prime Minister Rishi Sunak is set to accept the demands of party rebels to make directors at major technology firms liable to greater penalties if they fail to protect children from dangerous online content as he seeks to avoid a damaging defeat in parliament, according to two people familiar with the government’s plans.

Japan Prods US and EU to Regulate Crypto Like Banks

Japan is urging the world’s regulators to treat crypto as strictly as they do banks, adding to the calls for tougher rules following the collapse of Sam Bankman-Fried’s FTX digital-asset exchange.