Many of the firms the FCA warned were breaching the new rules appear to be dubious high-yield return schemes, but legitimate firms have seen warnings too.
Category: britain
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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.
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.
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.
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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.
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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.
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Bank of England opens applications for ‘proof of concept’ CBDC wallet
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.
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Bank of England to Double Long-Dated Gilt Buy-Backs, QE Policy to See an ‘Orderly End’ in Mid-October
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Bank of England Suspends Tightening Policy as Pound Nosedives — Central Bank to Start Purchasing Long-Dated UK Government Bonds
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British Pound Taps All-Time Low Against US Dollar Following BOE’s 50bps Rate Hike
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