This week’s roundup of I.T. and tech news looks at the need for regulation when it comes to digital currencies as well as further regulation of how the wider web is used. Also, the rise of the robots may not mean we all lose our jobs – so good news overall.
MPs call for digital currency regulation
A committee of MPs have urged that digital currencies such as Bitcoin are regulated in order to protect investors.
Describing the current landscape as a ‘Wild West Industry’, MPs believe that more needs to be done to counter problems like volatile prices, money laundering and cyber-attacks through cryptocurrencies. They have urged the Financial Conduct Authority to supervise activity as it currently has no power in the matter.
"Crypto-asset investors are currently afforded very little protection from the litany of risks. Namely, there are no formal mechanisms for consumer redress, nor compensation," explained the committee.
Could we be about to see much more stringent rules around digital currency? Read more on the story via the BBC.
Close to half of UK internet users ‘harmed’ online
A study by regulator Ofcom has found that almost half of the UK’s internet users have suffered some form of harm online.
The research, which was conducted with 2,000 Brits, discovered that 45% of people said they’d had negative experiences online which ranged from trolling, bullying and unwelcome social media attention, to theft of data or personal information. 20% of those surveyed believed their experience had been “very harmful”.
The Ofcom study looked at four key areas:
- Online content that people see, hear or watch
- Interactions with other users
- Data and privacy
- Cyber-security and hacking
The recent research has been released as Ofcom boss Sharon White prepares to speak about the lack of regulation online at the Royal Television Society conference. It comes after a year of intense scrutiny on social media companies. Read more here.
Robots will create more jobs than they take
Fearmongers will have you believe that it’s hopeless, the robots are coming and they’re coming for all of our jobs. That may not be the case at all however according to the World Economic Forum.
A new report has predicted that robots will displace 75 million jobs across the world by 2022 but will create 133 million new ones, meaning a "net positive". As previously reported at length, robots taking over tasks will often free up workers to focus on other things within businesses.
The World Economic Forum explained that algorithms and robots would improve the productivity of current jobs and would lead to more roles such as: data analysts, software developers and social media specialists. Similarly, there could be an increase in jobs that require "distinctively human traits" such as customer service workers and teachers.
Those were some of this week’s top stories but if you want more content, follow us across our four social media channels.