Britain has designated Microsoft, Google, Amazon, and Oracle as critical third parties. This move brings these major cloud providers under direct regulatory oversight. The government aims to protect the country's financial system from disruptions. Increased reliance on cloud services necessitates this regulatory action. These designations become effective from July thirteenth.

The UK government is designating Microsoft, Google, Amazon, and Oracle as critical third parties under financial oversight, with implications for crypto

LONDON, July 10 : Britain on Friday designated cloud service providers Microsoft, Google, Amazon and Oracle as 'critical third parties', bringing them under direct regulatory…