The U.K.’s economic secretary to the Treasury, Bim Afolami, said the government’s priority is improving the payments landscape and providing regulatory clarity for digital assets and blockchain.
UK Government News
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The regulator acknowledges tech partnerships’ potential benefits but warns against dominant ones, which could harm competition.
1870Microsoft AI CEO Mustafa Suleyman said the firm plans to make a “significant, long-term investment” in the U.K. as they start hiring “passionate innovators.”
4220The Bank of England and the U.K.’s financial regulator, the Financial Conduct Authority, aim for the inaugural group of applicants to join the Digital Securities Sandbox by autumn 2024.
2029The U.K.’s Financial Conduct Authority says it won’t object to the creation of crypto-backed exchange-traded notes — a financial product similar to an ETF — on the condition they are restricted to professional investors only.
16415OANDA’s new crypto platform will offer 63 crypto trading pairs to begin with and will expand its services further.
4286A developer of the Nova Drainer phishing protocol has officially registered as a business in the UK.
4080The U.K. government received over 50,000 responses to its consultation paper on the formation of a digital pound.
1953Users of some crypto exchanges based in the United Kingdom now need to pass a quiz to trade Bitcoin.
2594In a report, a House of Lords committee dismissed exaggerated fears of AI threats to human existence, urging policymakers to address more immediate concerns.
3779The cryptocurrency exchange has been facing mounting scrutiny in the U.S. since it was sued by the SEC last June.
3050The National Cyber Security Centre report highlights social engineering as a critical area where AI will significantly enhance capabilities, making phishing attacks more convincing and more challenging to spot.
2316Speaking at the World Economic Forum, he also discussed surpassing Apple in global market cap.
1084The request comes after the U.K.’s top terrorism legislation advisor was “recruited” by AI chatbots posing as terrorists on the Character.AI platform.
16312The United Kingdom’s financial regulator has published a pixelated, video game-styled Wild West cartoon to enlighten investors.
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