regulationNovember 5, 2026
UK regulator to test quantum computing against money laundering
The UK Financial Conduct Authority (FCA) is setting up an experimental group to study the use of quantum computing in the financial sector. In its first project, participants will check whether quantum machine learning can help detect money laundering and fraud.
For the experiments, the FCA will provide a synthetic dataset that mimics real financial transactions. The regulator invites financial companies, quantum technology developers and research laboratories to take part in the initiative.
The group will start work in the first quarter of 2027.
For someone who holds or exchanges cryptocurrency, the news means the UK regulator is exploring new technologies to detect illegal operations in the financial sector. For now, it is only about experiments on synthetic data.