UK government

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.In a recent report published by the Investment Association (IA), it outlined the rapid mov ...

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. LSEG says it is looking for candidates who have a “passion for and understanding of digital asset ...

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.As Cointelegraph reported, Musk leane ...

The United Kingdom’s global summit on artificial intelligence 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. Musk was one of the many big names to attend the summit, including heads of O ...

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).These supercomputers, also known as the &ldquo ...

The United Kingdom’s global summit on artificial intelligence (AI) safety, “AI Safety Summit” began on Nov. 1 and will carry on through Nov. 2 with government officials and leading AI companies from the world in attendance, including from the United States and China. U.K. Prime Minist ...

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.  In an interview with Cointelegraph, Burks said he believes a recent re ...

U.S. surveillance and facial recognition firm Clearview AI has won a court appeal in the United Kingdom after being accused of alleged infractions related to the U.K’s general data protection regulation (GDPR). Originally, the company was fined nearly $10 million for breaches of the U ...

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 financ ...

The United Kingdom's competition watchdog has expressed concerns about the potential for a small number of firms to dominate the artificial intelligence (AI) industry, which could lead to consumers being exposed to harmful information. In a report released on September 18, the Competition and Market ...

The United Kingdom released its five “ambitions” for its global artificial intelligence (AI) safety summit on Sep. 4, with a big focus on risks and policy to support the technology. The summit, which will take place on Nov. 1-2, is anticipated to unite thought leaders from around the ...

As the United Kingdom prepares for a ban on finance-related cold calls, the UK Treasury issued a consultation and call for evidence to gauge a full picture of the impact on businesses, or the costs associated with introducing and implementing the ban. On May 3, the UK government announced an ambi ...

The British government is reportedly set to announce measures that could see banks stripped of their license if they choose to debank customers due to their political views. A July 20 report from The Times said the United Kingdom’s government is considering tighter conditions on ...

Advocacy group UK Finance is urging the British government to encourage securities tokenization. The market is small now, but the future stakes are high, it said.In a report co-written with consulting firm Oliver Wyman, UK Finance said the advantages of tokenization, such as lower costs, l ...

The United Kingdom’s Law Commission is pushing for the creation of a “distinct” category of personal property to accommodate and protect the unique features of cryptocurrencies and digital assets.The body made the recommendation alongside three other key points following a mandate from the ...

The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind.The Bank for International Settlements and the BoE launched the joint experiment in July 2022 to ...

British Prime Minister Rishi Sunak recently announced that Google DeepMind, OpenAI and Anthropic — three tech outfits widely considered the global industry leaders in generative artificial intelligence (AI) technologies — have agreed to provide the United Kingdom with early access to their AI mod ...

Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of the United States this year, adding to the backdrop of U.S.-based firms seeking greener pastures outside of the country. Chris Dixon, a16z’s crypto founder and managing partner, cited a &l ...

Developers working on artificial intelligence should be licensed and regulated similarly to the pharmaceutical, medical, or nuclear industries, according to a representative for Britain’s opposing political party.Lucy Powell, a politician and digital spokesperson for the United Kingd ...

After facing criticism, the UK government decided to scrap the plans of the Royal Mint to issue non-fungible tokens. Economy Minister Andrew Griffith informed the British Parliament that the Royal Mint had decided to temporarily abandon the project, stating that there was not enough evidence to j ...