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UK to Invest £100m in Global AI Chips Race

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 to Carve Out Ways for "the Safe Adoption of Cryptocurrencies"

UK to Carve Out Ways for "the Safe Adoption of Cryptocurrencies"

Her Majesty, Queen Elizabeth II, delivered her speech to the Houses of Parliament Tuesday in the UK that new regulations will be introduced to strengthen its financial services sector, encompassing the impact on cryptocurrencies.

Santander Blocks Payments by UK Account Holders to Binance

Santander Blocks Payments by UK Account Holders to Binance

Spanish banking giant Santander follows Barclays to ban payments from UK customers to Binance cryptocurrency exchange.

British University Reveals Blockchain-Enabled Digital Certificate to Water Down COVID-19 Dangers Across Supply Chains

British University Reveals Blockchain-Enabled Digital Certificate to Water Down COVID-19 Dangers Across Supply Chains

Birmingham City University (BCU) in the United Kingdom is testing the waters with a blockchain-based digital safety certificate to safeguard consumers and suppliers from risks triggered by coronavirus (COVID-19). The digital certificate dubbed the Coronavirus Clearance Certificate (CCC), will be instrumental in reassuring stakeholders across supply chains that goods offered are risk-free.

UK Regulator Study Shows Up to 2.3M Adults Own Cryptocurrencies

UK Regulator Study Shows Up to 2.3M Adults Own Cryptocurrencies

The United Kingdom Financial Conduct Authority (FCA) has released the latest report about cryptocurrency awareness among UK adults. Study shows that up to 78% UK adults heard of cryptocurrencies.

Portsmouth City Now Opens to Pay Taxes in Crypto

Portsmouth City Now Opens to Pay Taxes in Crypto

England’s Portsmouth has announced that its residents can now pay their taxes and other fees in Bitcoin and other cryptocurrencies supported on the Paypal app.

UK's ASA Issues Crypto Ad Guidelines for 50 Firms

UK's ASA Issues Crypto Ad Guidelines for 50 Firms

The UK's Advertising Standards Authority (ASA) has issued a guideline for companies on advertising cryptocurrency services.

FCA Restricts Rebuildingsociety.com, Impeding Binance's UK Compliance Efforts

FCA Restricts Rebuildingsociety.com, Impeding Binance's UK Compliance Efforts

The UK's Financial Conduct Authority (FCA) has imposed restrictions on Rebuildingsociety.com Ltd, a peer-to-peer lending platform, impacting its recent partnership with crypto exchange Binance for complying with the FCA's marketing regime. The regulation mandates firms to ensure transparent and fair marketing, affecting Binance’s strategy to serve the UK market. The move showcases the FCA's stringent stance towards ensuring marketing compliance, especially within the crypto sector.

UK to Unveil Plans for Crypto Regulation, Eyeing Stablecoins

UK to Unveil Plans for Crypto Regulation, Eyeing Stablecoins

According to CNBC, the U.K. government will announce a cryptocurrency regulatory regime in the next few weeks, with a focus on stablecoins, and the details of the plan are still being actively discussed.

UK Advancing Towards a Digital Pound: Exploring CBDC Feasibility

UK Advancing Towards a Digital Pound: Exploring CBDC Feasibility

The UK's Bank of England (BoE) and HM Treasury are advancing into the second phase of exploring the feasibility of a digital pound, also known as "Britcoin." A final decision is yet to be made, with a focus on user privacy and coexistence with cash.

UK Billionaire Simon Nixon's Family Office Announces Plans to Enter Cryptocurrency Market

UK Billionaire Simon Nixon's Family Office Announces Plans to Enter Cryptocurrency Market

Seek Capital family office has decided to expand its investments into crypto assets by planning to hire an analyst who understands cryptocurrencies to help the firm manage crypto portfolios.

Kardashian's Instagram Cryptocurrency Promotion Irks UK Financial Watchdogs

Kardashian's Instagram Cryptocurrency Promotion Irks UK Financial Watchdogs

British financial watchdogs are wary of investors' cryptocurrency investment risks introduced by well-known influencers such as Kim Kardashian West.

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