The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better protection for owners in fraud cases and disputes. It also positions…
Read more
On Monday, the crypto clearing house startup Cleartoken revealed that it raised $10 million from strategic investors including Nomura’s Laser Digital, Flow Traders, and LMAX Digital. Cleartoken Nets $10M to Launch U.K. Digital Asset Clearing Services The horizontal clearing house for the digital asset market, Cleartoken, revealed that it’s raised $10 million in order to…
Read more
In a LinkedIn job posting the London Stock Exchange Group says it’s seeking a digital assets lead with a “passion” for digital assets, crypto and blockchain. 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…
Read more
World-renowned AI scientist Mustafa Suleyman appears to disagree with Elon Musk’s assessment of the threats and benefits AI technologies could pose in the future. 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…
Read more
The U.K. says the investments will help its local scientific talent have the tools they need to ensure that the most advanced AI models are up to safety standards. 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…
Read more
The U.K. AI Safety Summit concluded its first day with a common declaration, the U.S. announcing an AI safety institute, China willing to communicate on AI safety, and comments from Elon Musk. The United Kingdom’s global summit on artificial intelligence safety, the AI Safety Summit, began on Nov. 1 and will carry on through Nov.…
Read more
Snapchat received a warning from the U.K. data watchdog regarding its AI chatbot “My AI” for potentially failing to identify and address its privacy 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…
Read more
While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure. Hong Kong regulators are looking to tighten the noose around the crypto market after arresting six individuals following allegations of fraud around an unlicensed crypto exchange, JPEX. The government intends to increase its efforts to inform investors and…
Read more
The financial regulator expressed its frustration at the lack of engagement from crypto firms in a strongly worded letter. 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.…
Read more
The Online Safety Bill, a piece of legislation that seeks assurances to keep some sites free of illegal and harmful content for U.K. jurisdiction, is facing opposition from tech and messaging giants due to its possible effects on privacy and encryption. The bill introduces clauses allowing the government to force messaging companies to scan user…
Read more
