UK’s ‘Help with Fees’ scheme won’t define crypto as disposable income
The Ministry of Justice’s proposed “Help with Fees” scheme will not classify cryptocurrencies as disposable income following a public consultation. Go to Source
UK
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UK politicians don metaverse avatars as they share Web3 roadmap
“Web3 represents a paradigm shift that reimagines the very fabric of the internet,” said British MP Natalie Elphicke. Go to Source
Weak competition in AI race could hurt consumers: UK watchdog
The UK’s Competition and Markets Authority wants to prevent AI from being used to undermine consumer trust. Go to Source
Coinbase signals EU, Canada, Brazil, Singapore and Australia as priorities
The crypto exchange’s focus on non-U.S. markets is part of a next phase in its expansion plans, said the firm. Go to Source
UK to spend $130M on AI chips amid scramble to buy up computing power
The chips will be used to set up an AI resource as a recent report said 20% of firms can’t get enough computing power for AI. Go to Source
Crypto memes can be considered financial promotions, says UK watchdog
Memes found to be non-compliant with financial promotion rules could carry up to two years in jail under a proposal from the FCA. Go to Source Powered by WPeMatico
Binance UK office one of 2,403 companies sharing ‘utility closet’ in Suffolk
Binance has drawn attention for using a small building as its registered office in the UK, but tech firms have used a similar trick for years. Go to Source Powered by WPeMatico
Ripple welcomes MiCA regulation as US lawsuit highlights lack of clarity
Ripple’s operations gear up in Europe and Asia despite an ongoing lawsuit with the U.S. Securities and Exchange Commission. Go to Source Powered by WPeMatico
UN report highlights ‘serious and urgent’ concerns about AI deepfakes
The UN wants to address AI-generated fake news and information as the organization looks to bring in voluntary guidelines for the technology. Go to Source Powered by WPeMatico
AI should be regulated like medicine and nuclear power: UK minister
A minister from the United Kingdom’s opposition party says artificial intelligence should be licensed and regulated in a similar way to the pharmaceutical and nuclear industries. Go to Source Powered by WPeMatico
