UK FCA gives unregistered crypto firms ‘final warning’ on ads regime compliance
The financial regulator expressed its frustration at the lack of engagement from crypto firms in a strongly worded letter. Go to Source
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The UK releases key ambitions for global AI summit
The officials in the U.K. released their priorities for the upcoming global AI summit during which they plan to focus on risk and policy. Go to Source
UK considers blanket ban on crypto investment cold calls
The UK Treasury released a consultation paper to understand the grassroots-level impact of a blanket ban on cold calls related to financial services and products. Go to Source
UK FCA shuts down 26 crypto ATMs following coordinated investigation
The FCA — along with other law enforcement agencies — investigated 36 crypto ATM locations using powers under the Money Laundering Regulations 2017. Go to Source Powered by WPeMatico
UK government moves forward on financial markets bill for potential regulation of crypto
Following a third reading in the House of Lords, the Financial Services and Markets Bill will return to the lower house of the U.K. Parliament for members to consider any changes. Go to Source Powered by WPeMatico
UK to get ‘early or priority access’ to AI models from Google and OpenAI
It’s unclear at this time what access the U.K. will receive, but the reported commitment could be the first of its kind. Go to Source Powered by WPeMatico
AI could threaten humanity in 2 years, warns UK AI task force advisor
The UK prime minister’s AI task force advisor said large AI models will need regulation and control in the next two years to curb major existential risks. Go to Source Powered by WPeMatico
G7 discusses crypto, supports CBDC — Law Decoded, May 15–22
The European Council has approved updated rules that extend tax reporting requirements to include transfers of crypto assets. Go to Source Powered by WPeMatico
Binance looks to the UK for regulation amid US crypto crackdown
Binance seeks regulation in the U.K. amid a U.S. crackdown on cryptocurrencies as its chief strategy officer acknowledges the challenging business environment in the U.S. Go to Source Powered by WPeMatico
UK reviews AI development: It can ‘drive substantial economic growth’
The U.K. Competition and Markets Authority says it will be examining the development and deployment of AI and its social impact. Go to Source Powered by WPeMatico
