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British MPs call on government to scrap AI exemptions that hurt artists
30.8.2023
A bipartisan committee of British MPs said Rishi Sunak’s government must prioritize the rights of musicians and creators over AI developers
UK to spend $130M on AI chips amid scramble to buy up computing power
21.8.2023
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
UK Finance: Digital Pound Holdings Should Be Limited to £5,000 to Avoid Panic
4.7.2023
U.K. Finance, one of the largest finance membership organizations in the U.K., has issued its recommendations to the Bank of England regarding the issuance of a digital pound. The organization stated that individual holdings of the proposed central bank digital currency (CBDC) should be capped...
London: The World’s Capital for Foreign Exchange Adds Cryptocurrencies to Its Ledger
27.6.2023
Already a global hub for finance, the No. 3 spot in CoinDesk’s Crypto Hubs 2023 has a healthy grassroots crypto adoption rate and a prime minister eager to attract the digital asset industry
VC Company A16z Expands to London to Take Advantage of Friendly Web3 Regulation
14.6.2023
A16z, a tech-focused venture capital company, has announced that it will open its first office in London to take advantage of the friendly regulatory environment in the U.K. Prime Minister Rishi Sunak stated he was thrilled about this expansion and that the U.K. would continue to embrace...
a16z opening London crypto office citing 'predictable' environment
12.6.2023
The expansion came following a “productive dialogue” with the U.K. Prime Minister and “months of constructive conversations” with UK policymakers, a16z’s general partner said
UK Government Drops Plan to Launch NFT With Royal Mint
30.3.2023
The U.K. government has confirmed that it is not proceeding with a plan to launch a non-fungible token (NFT). British Prime Minister Rishi Sunak asked the Royal Mint to create an “NFT for Britain” while he was serving as the Chancellor of the Exchequer last year as part of his efforts...
UK Treasury drops plans for Royal Mint NFT
28.3.2023
The Economic Secretary of the Treasury told Parliament has confirmed the project has been put on the back burner, but will “keep this proposal under review.”
UK Prime Minister Rishi Sunak's win was a victory for crypto
29.10.2022
Cryptocurrency fans have a lot to look forward to with the new prime minister, who has a track record of being highly positive about the industry
Rishi Sunak Becomes UK Prime Minister — He Wants to Make Britain a Global Crypto Investment Hub
26.10.2022
Britain’s former Chancellor of the Exchequer Rishi Sunak has become the country’s new prime minister, succeeding Liz Truss who resigned after 44 days in office. The leader of the Conservative Party previously said: “It’s my ambition to make the U.K. a global hub...
Report: Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal
25.10.2022
British billionaire investor Guy Hands has reckoned that Britain will become “the sick man of Europe” and may be forced to seek a bailout from the International Monetary Fund (IMF) if it does not renegotiate its Brexit deal. The billionaire insisted the United Kingdom’s current...
UK Unveils Comprehensive Plan to Become Global Crypto Hub With Dynamic Regulation
5.4.2022
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible...