Marquez Comelab highlighted the projects of those he interacted with at the LBC 2023, an event aimed to showcase real-world applications and enterprise-grade tech built on the BSV blockchain.
The FCA disclosed that the incoming rules would focus on the social media promotion of digital and other financial assets, keeping an eye on using memes on social media platforms.
As a result, Dr. Craig Wright’s copyright and database rights case against the BTC partnership—which includes Core developers and entities within the ecosystem such as Coinbase—will proceed on all fronts.
Organizations have been preparing for the AI era, and governments are working on favorable regulations—in Europe, two old rivals, France and the U.K., are jostling for prime positions.
U.K. spokesman for the digital economy Timothy Clement-Jones argues that failing to include environments such as the metaverse in the Online Safety Bill would be to fail British children.
Proposals to integrate digital assets into U.K. financial regulation were briefly plunged into doubt by the Treasury Select Committee in May when it recommended that digital assets be regulated as gambling.
Steve Smart, FCA's executive director of enforcement and market oversight, noted that users' funds in digital currency ATMs "will not be protected if something goes wrong."
Dr. Craig Wright originally brought claims against the BTC partnership, including its developers and major industry players on three grounds: infringement of Dr. Wright’s database rights over the Bitcoin database, copyright infringement of the Bitcoin white paper and copyright infringement of the Bitcoin file format.
In the past week, the U.K. has been moving quickly with innovations related to digital currencies, blockchains, and financial innovation in general.
In the recent London Blockchain Conference 2023, nChain’s Alessio Pagani and senior software engineer John Murphy offer a glimpse of the practical applications that will be possible through Web3 and the BSV Blockchain.
Payments and identity company Nuggets is working with Bank of England to develop an identity and privacy layer for its CBDC using Zero-Knowledge Proofs.
The financial regulator argues that its AML/CFT laws on "crypto assets" would help bring extra credibility to the U.K., a statement slammed by lobbyists calling for an overhaul of the new process.
