The U.K. has joined numerous countries calling for AI regulation, setting up a new unit to oversee the sector and leverage the technology to make the country a tech superpower by 2030.
Virtual asset service providers (VASPs) in the United Kingdom are struggling to land banking partners and are having their accounts frozen and closed, according to a Bloomberg report.
Tasked to develop the NFT in 2022, the Royal Mint is dropping the plans but keeping the proposal under review, and opposition leaders have supported the move.
While Switzerland and the European Union are leading the race to become a digital assets hub, Philip Hammond believes the U.K. is not far behind and may soon see it overtake with proper regulations.
In this open letter, Gavin Lucas shares his opinions on how to build the U.K. as a "global hub" for digital currency assets following the statements of U.K. Chancellor Rishi Sunak.
U.K. Chancellor Rishi Sunak noted that digital currency assets allow new ways to transact and invest, although he also emphasized the need to balance this innovation with investor protections.
