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.
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Quantum miners would yield ‘massive’ energy savings for blockchain: Study
University of Kent researchers compared three quantum systems to an ASIC miner, and the quantum machines were demonstrably more energy efficient.
Crypto ads face stricter rules, referral bonus ban by UK FCA
Crypto services in the U.K. will face stricter regulations, including a “cooling-off period” for first-time investors and a ban on “refer a friend” bonuses.
AI could threaten humanity in 2 years, warns UK AI task force adviser
The U.K. prime minister’s AI task force adviser said large AI models would need regulation and control in the next two years to curb major existential risks.
Crypto adoption is booming, but not in the US or Europe — Bitcoin Builders 2023
At the Bitcoin Builders Conference, Daniel Fogg from IOV Labs and Rootstock spoke with Cointelegraph about how emerging markets are shaping the future of the crypto space.
BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’
At a recent event, Tom Mutton, the Bank of England’s head of fintech, touted the privacy benefits of CBDCs while denouncing the anonymity of cryptocurrencies.
UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs
The FCA's actions followed similar operations in East London and Leeds, where the regulator said it had issued warnings or cease-and-desist requests to suspected ATM operators.
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.
British MP Lisa Cameron is ‘not invested personally’ in crypto but advocates for regulation
“I’m an advocate for getting regulation in place that makes the most of the potential of the sector whilst protecting consumers,” said the MP.
UK Treasury seeks input on taxing DeFi staking and lending: Finance Redefined
The UK Treasury is seeking input on taxing the DeFi space, and on provisions around staking and lending.
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