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UK Crypto Regulation Plan Draws Criticism from Former FCA Head
3.11.2023
Charles Randell, former chair of the Financial Conduct Authority (FCA), has criticized the UK government’s plans to regulate the crypto industry in a way similar to traditional financial investments. His comment comes as the UK government is moving forward with its plans to regulate...
UK AI Safety Summit: Musk likens AI to 'magic genie,' says no jobs needed in future
3.11.2023
The second day of the UK AI summit featured a one-on-one talk between Prime Minister Rishi Sunak and Elon Musk that discussed the future of the job market, China and AI as a “magic genie.”
NIST establishes AI Safety Institute Consortium in response to Biden executive order
2.11.2023
Documentation from NIST states the consortium will adopt a “broad human-centered focus” with “specific policies.”
U.S. SEC's Knock From Congressional Watchdog May Not Budge Crypto Accounting Policy
2.11.2023
As the U.S. Securities and Exchange Commission (SEC) Chair keeps chasing non-compliance in crypto, his agency was slammed by the watchdog Government Accountability Office (GAO) for its own compliance failure in issuing crypto accounting standards without treating the policy as a formal rule....
Dubai VARA grants 'initial approval' to crypto firm WadzPay
2.11.2023
The license allows WadzPay to begin preparing to provide virtual asset services and activities under the VASP License for Transfer and Settlement and Broker/Dealer activities
UK to invest 300M pounds in 2 AI supercomputers, Harris presses for AI safety
2.11.2023
The U.K. says the investments will help its local scientific talent have tools they need to ensure that the most advanced AI models are up to safety standards
UK AI Safety Summit begins with global leaders in attendance, remarks from China and Musk
1.11.2023
The U.K. AI Safety Summit concluded its first day with a common declaration, the U.S. announcing an AI safety institute, China willing to communicate on AI safety and comments from Elon Musk
PayPal scores UK crypto license after brief local Bitcoin buy halt
1.11.2023
Licensed by the FCA on Oct. 31, 2023, PayPal has requirements or restrictions placed on the financial services activities that it can operate
GAO Criticizes SEC’s Handling of Crypto Accounting Bulletin, Calls for Clearer Rule
1.11.2023
The Government Accountability Office (GAO) has determined that the Securities and Exchange Commission (SEC) erred in its handling of “Staff Accounting Bulletin 121” (SAB 121) by failing to submit it to Congress as is required for official rules. In a report titled “Securities...
U.S. SEC Messed Up in Handling Contentious Crypto Accounting Bulletin: GAO
31.10.2023
The U.S. Securities and Exchange Commission (SEC) was out of bounds when it issued its controversial "Staff Accounting Bulletin 121," according to the Government Accountability Office (GAO). The 2022 guidance, which the industry says threatens crypto investors' ability to find safe harbors...
Biden administration releases executive order for new AI safety standards
30.10.2023
The U.S. government’s executive order establishes six new standards for AI safety and security and its intentions for ethical AI usage within the government
UK risks regulating NFTs the wrong way, says Mintable CEO
30.10.2023
“It’s not just a piece of artwork”: Mintable CEO Zach Burks argues that the United Kingdom government still hasn’t caught up on what NFTs are becoming
Hester Peirce speaks out against LBRY enforcement action: 'The market could have decided'
27.10.2023
The SEC commissioner said the regulator’s actions “forced a group of entrepreneurs to abandon what they built,” with LBRY announcing in October it planned to wind down operations
US lawmakers discuss digital assets and the House gets a new Speaker
25.10.2023
With the election of Mike Johnson as speaker of the U.S. House of Representatives, Congress will once again be able to move forward on crypto bills
Pro-crypto lawmaker Tom Emmer ends hours-long Speaker campaign: Report
24.10.2023
The Minnesota congressman was one of only a few crypto proponents in Congress being considered as a possible Speaker of the House by Republican lawmakers
US Congress remains legislatively paralyzed on crypto bills without a House Speaker
23.10.2023
Pieces of legislation aimed at establishing clarity on certain crypto policies are unable to move forward with half of the legislative branch of the U.S. government lacking leadership
Crypto-friendly Rep. Tom Emmer pursues nomination for House speaker
21.10.2023
Tom Emmer has been "making calls" to secure a nomination for the Speaker role, and it could be a boon for the crypto sector if he were to be voted in
US surveillance and facial recognition firm Clearview AI wins GDPR appeal in UK court
19.10.2023
According to court documents, the UK commissioner doesn’t have the authority or jurisdiction to cite or fine the “foreign” company for GDPR infractions
Bitcoin price holds $28K range as institutional investor maneuvering boosts sentiment
18.10.2023
Comments from institutional investors and amendments to the spot Bitcoin ETF applications could be behind the recent improvement in investor sentiment
US expands export controls for AI semiconductor chips to China
17.10.2023
The expanded export controls of AI semiconductor chips include a new performance threshold, licensing requirements expansions and a notification requirement, among others