UK Finance says it’s not too late for the United Kingdom to make up for other jurisdictions’ faster start to securities tokenization, and the country better do it if it wants to remain a global financial leader. Advocacy group UK Finance is urging the British government to encourage securities tokenization. The market is small now,…
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Following a third reading in the House of Lords, the Financial Services and Markets Bill will return to the lower house of the U.K. Parliament for members to consider any changes. Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation that could help support the adoption of…
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It’s unclear at this time what access the U.K. will receive, but the reported commitment could be the first of its kind. 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…
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The UK prime minister’s AI task force advisor said large AI models will need regulation and control in the next two years to curb major existential risks. The AI task force advisor to the prime minister in the United Kingdom said humans have roughly two years to control and regulate artificial intelligence (AI) before it…
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The U.K. government plans to introduce laws to reimburse victims of authorized crypto fraud and work with Ofcom to prevent phone number “spoofing.“ The United Kingdom is set to ban cold calls selling financial products, including insurance and cryptocurrencies, to crack down on fraud. The National Crime Agency estimates that fraud costs the country approximately £7…
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A new role, “Head of CBDC,” will help the United Kingdom to “explore the case for a digital pound,” although UK Bitcoiners would argue that might not be necessary. The UK Government’s economic and finance ministry, HM Treasury, is recruiting for a Head of central bank digital currency (CBDC) to lead the development of a…
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Policymakers in the United Kingdom are divided on whether the sale, marketing and distribution of derivatives and exchange-traded notes, tied with crypto, should be banned. The policy decision-makers in the United Kingdom are divided on whether the sale, marketing, and distribution of derivatives and exchange-traded notes (ETNs) tied with cryptocurrencies should be prohibited when it…
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From El Salvador and Lugano’s collaboration to yet another lawsuit against Do Kwon, this is what the last week in regulation looked like. The first full week under the leadership of the newly-elected Prime Minister Rishi Sunak saw a major landmark for crypto regulation in the United Kingdom. The Financial Services and Markets Bill, made…
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In an exclusive interview with Cointelegraph, U.K. Member of Parliament Lisa Cameron said there is a “vision” that the U.K. will become an international hub of crypto and digital assets. The United Kingdom could be warming to Bitcoin (BTC) and crypto. Taking a timeout from Scotland’s first major Bitcoin conference, Cointelegraph spoke to Lisa Cameron,…
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One of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools. For Satoshi Nakamoto, the creator of Bitcoin (BTC), the motivation to create a new payment ecosystem from scratch in 2009 stemmed from the economic chaos caused by the banking…
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