Jian Wen, a British citizen of Chinese descent, faces charges from the UK Prosecution Service for her role in laundering over $6,1 billion, funds embezzled by the criminal Yadi Zhang. Zhang has deceived over 128,000 Chinese investors since 2014, promising investment returns before disappearing and converting the proceeds to Bitcoin.
High-ranking judges in the UK have released instructions on how artificial intelligence (AI) should be used in legal settings.
U.K. House of Commons Treasury Committee lawmakers, in its recent report, have urged the government to reconsider the regulations for a potential Central Bank Digital Currency (CBDC). Proposed changes include setting a lower limit on individual holdings (up to £3,000) and the option to earn interest on these holdings.
18 countries have developed a detailed set of guidelines on AI cyber security. Participants include the USA, UK, Canada, Italy, France, Germany, Australia, Israel, Japan, New Zealand, Nigeria, Norway, South Korea, and Singapore.
The British government is set to invest a staggering $363 million into the development of two supercomputers infused with artificial intelligence, aimed at enhancing the security scrutiny of other AI models.
Concerns over adherence to the Financial Conduct Authority (FCA) regulations have led Marinade Finance, Solana's top DeFi protocol, to block its UK-based users.
Ukraine's law enforcement officers are leveling up with cryptocurrency training, thanks to a collaboration between tax authorities from the US, UK, and Netherlands. This initiative aims to boost their skills in handling decentralized assets, detecting illicit transactions, and curbing tax and sanctions evasion. “Knowledge sharing is one of the priorities within these international partnerships and can contribute to greater know-how to counter cybercrime,” said the director general of the Dutch Fiscal Information and Investigation Service.
The Bank of England, together with the UK's Treasury, is actively deliberating the risks and advantages of introducing a Central Bank Digital Currency, dubbed Britcoin. Their focus is on its potential economic impact and benefits for UK citizens.
A UK court greenlights Getty Images' lawsuit against Stability AI for suspected copyright violations. The judge found convincing reasons to move forward with the legal proceedings.
Company’s CEO Vladimir Tenev affirmed the company’s commitment to its global aspirations, with the UK expansion serving as a strategic move in that direction.
In an effort to modernize public services, the UK government plans to introduce artificial intelligence in sectors like security, education, and healthcare, targeting the reduction of routine, time-consuming tasks. This approach is set to refocus employees on their key responsibilities.
In the United Kingdom, a bill has successfully passed through the legislative chambers, providing law enforcement with the authority to seize and freeze cryptocurrencies associated with criminal activities.
The UK's Financial Conduct Authority (FCA) has raised red flags for major exchanges like HTX and Kucoin, alongside 143 others, deeming them unauthorized crypto companies.
Citing potential fraud risks, British banking titan Chase has chosen to halt cryptocurrency-related payments from October 16th. "If we think you're making a payment related to crypto assets, we'll decline it," was the message relayed to clients via email. The bank also emphasized that those intent on investing in cryptocurrencies have the liberty to switch to other banks or providers.
MetaMask Portfolio now lets users cash out crypto to fiat currencies like USD, EUR, and GBP. Users can quickly convert crypto to fiat, sending it directly to preferred destinations like bank accounts or PayPal. Instead of relying on one provider, MetaMask aggregates multiple vetted providers, presenting real-time conversion options. Currently, this feature supports ETH on Ethereum Mainnet in the US, UK, and parts of Europe. Expansion plans include more regions and layer 2 network gas tokens.
