UK Lawmakers Pledge to Combat AI Deepfakes Threat
AI regulation in the United Kingdom is progressing as Labor Party members pledge to combat tools that generate censored content. Legislators in the United Kingdom are considering exploring AI regulation strategies to combat the escalating issue of deepfakes. UK Labour Party Motion To Prohibit Censored Tools The Labour Party is committed to outlawing artificial intelligence […]
Crypto.com Secures FCA Nod for E-Money Offerings in UK
Crypto.com has secured authorization as an Electronic Money Institution (EMI) from the UK’s Financial Conduct Authority (FCA). Currently, European central banks regulate and accept electronic money as a digital replacement for fiat money. E-money, like conventional bank-issued currencies, is intended to make transactions easier and serve as a means of payment. The most recent event […]
UK Outlines Stablecoins Regulation Plans
Non-fiat-backed stablecoins, including algorithmic stablecoins, will not be permitted in regulated payment chains. The government of the United Kingdom has published an update to its plans to regulate fiat-backed stablecoins. However, the document , published on 30 October, seeks to facilitate and regulate the use of fiat-backed stablecoins in U.K. payment chains. His Majesty’s Treasury plans to […]
Standard Chartered-Backed Zodia Expands to Hong Kong
The demand for cryptocurrencies in Hong Kong is primarily fueled by institutional investors rather than retail customers, according to Zodia’s CEO. Zodia, the institutional cryptocurrency custody platform jointly backed by Standard Chartered, SBI Holdings, and Northern Trust, is expanding its services to Hong Kong. According to Zodia CEO Julian Sawyer, as reported by CNBC on October […]
British MPs Press NFT Copyright Violation
A British parliamentary committee has called for a crackdown on sports supporter tokens and recommended the government issue a code of conduct for NFT platforms. A bipartisan parliamentary committee has called on the British government to safeguard creators from copyright infringement caused by nonfungible tokens (NFTs) and address possible consequences from athletic organizations issuing digital […]