Deputy PM Oliver Dowden will take steps to deliver on pledge to Joe Biden to confront China trade quandary.
A new law enabling the National Crime Agency and police to seize, freeze, and destroy crypto assets is now in effect in the UK. Under this law, police can seize crypto from suspects without needing to make an arrest first. Additionally, victims have the right to request the release of funds held in crypto accounts […]
Cryptocurrency investment offers the potential for high returns through a decentralized financial system that operates independently of traditional banking structures. What is Cryptocurrency? The simplest way to explain how cryptos work is by saying that they are a class of digital currencies that use blockchain technology to facilitate secure, decentralized transactions. Unlike traditional currencies, cryptocurrencies […]
The government has launched a pilot scheme that will provide entrepreneurs with informal advice on AI regulations. The AI and Digital Hub will see regulators including the Competition and Markets Authority, Ofcom, the Financial Conduct Authority, and the Information Commissioner’s Office share information with businesses to help them navigate the UK’s regulatory environment. The pilot, […]
The United Kingdom's Information Commissioner’s Office (ICO) expressed dissatisfaction with Google LLC's efforts to change its advertisement privacy settings, The Wall Street Journal reported citing i
Fintech is once again the UK’s best-funded startup sector after climate tech secured the most investment in 2023. In the first quarter of 2024, UK fintech companies raised $1.4bn across 73 rounds, according to data from Dealroom and HSBC Innovation Banking. Fintech funding rounds over the period include £340m raised by challenger bank Monzo and […]
(The Center Square) - The Arkansas Senate adopted a resolution Monday that would impose a regulation on the crypto mining industry in Arkansas. The resolution, sponsored by Sen. Bryan King, R-Green Forrest, would require digital asset mining businesses in the state to pay an annual fee for “extraordinary electrical energy usage.” The fee would range from $25,000 to $100,000 per year depending on the amount of electrical energy used. Senate...
UK police now have powers to seize, freeze or destroy criminal crypto holdings. It follows new legislation that comes into effect today, April 26, 2024. Reforms to help UK’s national security, said Home Secretary James Cleverly. Law enforcement officials in the United Kingdom can now seize, freeze or destroy crypto assets deemed to be illicit […]
UK regulators will scrutinize partnerships between Microsoft and Amazon to review potential AI competition issues.
The two crypto regulation bills that remain still have some serious questions -- and may not go far enough -- but they should help address some of the significant problems with the crypto mining industry.
“Having taken up smoking at the age of 14, I was smoking 40 [cigarettes] a day by the age of 20, and as a 21st birthday present to myself I gave up. But today, 40 years later I still feel like a fag sometimes. That is how addictive smoking is,” said Andrea Leadsom, a […]
Should regulations aimed at halting the financial activity of alleged criminals and terrorists be vastly expanded to include cryptocurrencies and firms that use them? Could this potentially harm entrepreneurial spirit and consumer freedom to deal in digital assets?Those were the questions asked this week in Washington as officials from the Treasury Department seek new tools to regulate and track Bitcoin and cryptocurrencies that would impact the estimated 50 million Americans who use them.On...