Search Results for "uk"
Paypal's Crypto Services to Land in UK this week
Digital payment giant Paypal said the company will officially launch its cryptocurrency service in the UK this week. Customers are expected to enjoy at least four cryptocurrency trading services.
Binance’s Partnership with Eqonex Raises Concern from UK’s Financial Regulator
Binance continued access to the UK payments network is a rising concern to the UK's Financial Conduct Authority.
UK to Invest £100m in Global AI Chips Race
The UK government commits £100M to fortify its position in the AI chip market, targeting essential components from Nvidia, AMD, and Intel. Despite this, concerns arise about the UK's global semiconductor share and its comparison to the US and EU investments. Amid geopolitical tensions, the UK plans an AI summit and emphasizes its dedication to being a global AI leader.
UK Adults Hesitant in Crypto Investments due to Perceived Lack of Security
A quarter of the UK's adults are hesitant in crypto investments due to a perceived lack of security, according to research from TMT Analysis.
UK FCA Clears Binance, Saying Exchange Has Complied with its Demands
The FCA has come out to affirm Binance has met its regulatory requirements by issuing a notice clearing the exchange.
UK Requests Crypto Exchanges to Report Suspected Sanction Breaches
The UK authorities have introduced the new rules in response to Russia’s invasion of Ukraine. The regulations cover all valuable digital assets.
UK to Host First International AI Safety Conference in November
The United Kingdom is set to host the world's first international conference on AI safety on November 1-2, 2023. The summit aims to position the UK as a mediator in tech discussions between the US, China, and the EU. Prime Minister Rishi Sunak will host the event at Bletchley Park, featuring notable attendees like US Vice President Kamala Harris and Google DeepMind CEO Demis Hassabis. The conference will focus on the existential risks posed by AI, among other safety concerns.
Kraken’s Subsidiary Becomes the First Licensed Derivatives Platform to Offer Leveraged Crypto in the EU
Kraken Futures, a subsidiary of Kraken, also known as Crypto Facilities has announced it had been granted a Multilateral Trading Facility (MTF) license from the United Kingdom’s Financial Conduct Authority (FCA).
Microsoft's 2.5 billion GBP Investment in UK AI: Catalyst for Innovation and Growth
Microsoft's significant investment in the UK's AI infrastructure is expected to significantly enhance the country's technology sector and its global AI standing.
UK Regulator Examines AI Impact
The UK Competition and Markets Authority (CMA) is examining the impact of AI on consumers and the economy, with a focus on foundation models. The regulator plans to examine their usage against key principles, including transparency and accountability. The review aims to help develop AI in ways that ensure open, competitive markets and effective consumer protection, with guiding principles for consumer protection and healthy competition to be produced. The findings are set to be published in September 2023.
UK Regulator Issues Fresh Warning to Crypto Firms amid Key Deadline Approaches
FCA issued a release with an even more direct message notifying crypto firms that they must bring their operations into compliance within the law or face potential regulatory action.
UK to Invest in AI Task Force
UK officials announced the allocation of £100 million in funding to support an AI task force to accelerate the country's readiness for AI adoption. The task force will prioritize public services and will aim to ensure safe and reliable foundation models for AI use.
