UK government Financial News

03.11 / 19:33

regulation UK government elon NOT DeepMind co-founder chides Elon over UK AI summit comments: ‘He’s not an AI scientist’

Mustafa Suleyman, the CEO of Inflection AI and co-founder of Google’s DeepMind, had some strong words for Elon Musk during a post-event interview with the BBC after the recent United Kingdom artificial intelligence (AI) summit concluded on Nov. 2.

25.11 / 02:21

Adoption UK government Digital Asset Management Asset management UK regulator advocates for asset managers to tokenize funds

Investment managers in the United Kingdom are receiving regulatory support to leverage blockchain technology for the tokenization of funds, breaking away from conventional record-keeping systems.

06.11 / 10:11

business Blockchain Technology UK government stock exchange London London Stock Exchange seeks digital assets director

The London Stock Exchange Group (LSEG), the parent company of the London Stock Exchange and other fintech companies, has posted on LinkedIn that it's seeking a director of digital assets.

03.11 / 14:41

us government UK government UK AI Safety Summit: Musk likens AI to ‘magic genie,’ says no jobs needed in future

The United Kingdom’s global summit on artificial intelligence (AI) safety, the AI Safety Summit, concluded on Nov. 2 with a one-on-one chat between U.K. Prime Minister Rishi Sunak and billionaire Elon Musk.

03.11 / 12:55

UK government crypto regulation UK FCA UK crypto UK Crypto Regulation Plan Draws Criticism from Former FCA Head

Charles Randell, former chair of the Financial Conduct Authority (FCA), has criticized the UK government’s plans to regulate the crypto industry in a way similar to traditional financial investments.

02.11 / 09:41

Research UK government Supercomputer UK to invest 300M pounds in 2 AI supercomputers, Harris presses for AI safety

The United Kingdom announced on Nov. 1 after the conclusion of the first day of its global “AI Safety Summit” that it will increase funding for two artificial intelligence (AI) supercomputers to 300 million pounds ($363.57 million).

30.10 / 00:47

Adoption NFT Payments regulation UK government UK risks regulating NFTs the wrong way, says Mintable CEO

The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.

25.10 / 02:11

Government Law defi regulation UK government Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule

Marinade Finance, the largest decentralized finance (DeFi) protocol running on the Solana blockchain, has reportedly started blocking users from the United Kingdom. Customers in the U.K. discovered the problem on Oct. 23 while trying to access Marinade’s website from local IP addresses and were met with this message:

19.10 / 17:07

regulation Parliament UK government FCA House of Lords House of Lords to 'scrutinise' relationship between UK regulators and government

'A common area of concern arising from all these inquiries is the relationship between the regulator and the Government, and the level of independence and accountability regulators have.'

17.10 / 21:09

Government Law regulation Analysis Opinion AML UK government Europe's AML regulations come at a high cost — for your privacy and otherwise

The European Union’s financial regulatory landscape is in flux with the introduction of multiple Anti-Money Laundering (AML) directives and related laws. These regulations, although designed to protect the financial system, come at a hidden, and sometimes steep, cost to consumers and financial institutions alike. It’s imperative to understand their wider implications, and to question whether the costs — both monetary and ethical — are simply too high.

12.10 / 18:05

business Europe stocks UK government stock exchange Stock Market Indexes Stocks across Asia and Europe rise on Economic growth indicators

Stock markets in the Asia-Pacific region and Europe saw gains on Thursday. This uptick was attributed to the United Kingdom’s economic recovery, China’s recent stimulus measures and expectations surrounding the United States Consumer Price Index.

11.10 / 07:09

business Blockchain Law regulation Football UK government Copyright MPs British MPs urge action on NFT copyright infringement, crypto fan tokens

A bipartisan parliamentary committee has urged the government of the United Kingdom to protect creators from copyright infringement associated with nonfungible tokens (NFTs) and address potential harms from sporting groups issuing digital assets.

09.10 / 11:47

Kucoin regulation Huobi UK government Huobi, KuCoin, over 140 crypto exchanges ‘non-authorized’ — UK regulator

The United Kingdom’s financial markets regulator, The Financial Conduct Authority (FCA), had a busy Sunday on Oct. 8, as it added several crypto exchanges to its warning list of non-authorized firms that customers “should avoid.”

06.10 / 14:39

Social Media privacy data UK government Snapchat Snapchat warned by UK data watchdog over AI chatbot risks

The social media platform Snapchat has received a warning from the United Kingdom’s data watchdog over its new artificial intelligence (AI) chatbot known as “My AI,” according to an update posted by the regulator.

28.09 / 14:59

UK government industry ESG net zero Robeco 'Misguided': Jupiter and Robeco join £1.5trn investor group urging Sunak to stop green delay

Credit: HM Treasury/Flickr CC BY-NC-ND 2.0

26.09 / 14:31

economics UK UK government UK investors UK investors remain cautious despite predicting economic nadir has passed

More than half (57%) of UK investors said they were confident the worst of the economic turbulence from the past 18 months has now passed.

22.09 / 15:45

regulation Bitcoin Regulation UK government Warning services Financial Bybit will suspend services in UK following financial regulator's 'final warning'

Dubai-headquartered cryptocurrency exchange Bybit has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority, or FCA.

21.09 / 19:31

regulation marketing advertisement UK government compliance UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance

The Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has again expressed its concern over the lack of engagement on the part of crypto firms that will soon be subject to new marketing rules. The consequences of noncompliance could be severe, it warned.

21.09 / 06:13

Blockchain Web3 Metaverse UK government UK politicians don metaverse avatars as they share Web3 roadmap

A group of British politicians took to the metaverse to address global leaders in a 51-nation gathering on Sept. 20, setting out a vision for the United Kingdom’s blockchain and Web3 industries.

20.09 / 11:01

Climate change BBC UK government ESG net zero Sunak 'Investors spooked': Rishi Sunak confirms speech on the future of UK's net zero plans

In an unusual move, Sunak issued a statement late last night in response to BBC reports that the government was planning to delay, dilute or scrap at least six major environmental policies.

19.09 / 06:44

regulation UK government Weak competition in AI race could hurt consumers: UK watchdog

There is a “real risk” that the artificial intelligence industry could develop in a way that could end up with only a few firms dominating the market, while consumers are bombarded with harmful information, according to the United Kingdom's competition watchdog.

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