The United States and Britain on Monday announced a new partnership on the science of artificial intelligence safety, amid growing concerns about upcoming next-generation versions. Commerce Secretary Gina Raimondo and British Technology Secretary Michelle Donelan signed a memorandum of understanding in Washington to jointly develop advanced AI model testing, following…
The UK is pacing up its efforts to understand the possible outcomes of rolling out a digital Pound CBDC. On the order of the UK Parliamentary Committee and the House of Commons, the Bank of England and the UK Treasury have analysed the benefits that could entail the launch of…
Binance, starting this week, is pausing first-time signups in the UK. The reason behind the crypto exchange’s decision is that it requires some time to get its operations to comply with UK’s laws around crypto marketing and advertisement. The UK is exploring ways to establish itself as a crypto hub….
Britain urged Meta not to roll out end-to-end encryption on Instagram and Facebook Messenger without safety measures to protect children from sexual abuse after the Online Safety Bill was passed by parliament. Meta, which already encrypts messages on WhatsApp, plans to implement end-to-end encryption across Messenger and Instagram direct messages,…
Payments giant PayPal will stop allowing UK customers to buy cryptocurrencies through its platform from October as it works to comply with new rules on crypto promotions. Britain’s financial regulator is due to bring in tougher rules to limit how crypto is advertised to British consumers, including requiring crypto firms…
Apple has strongly opposed a move by the British parliament to amend an act that would allow the government to order messaging services to weaken the encryption that protects their users. The Cupertino company said it will not compromise the end-to-end encryption that it offers to its iMessage users for…
The UK has officially recognised cryptocurrencies as a regulated financial sector under the Financial Services and Markets Act 2023. Proposed as a bill, this development made the Financial Services and Markets Act 2023 a legitimate law in the UK on Friday, June 30. The bill has been stamped with King…
Britain’s competition regulator on Friday cleared Amazon’s planned $1.7 billion (roughly Rs. 13,900 crore) acquisition of iRobot, maker of the Roomba vacuum cleaner. The Competition and Markets Authority (CMA) said it had concluded that the deal would not lead to competition concerns in the UK. “We’re pleased with the UK Competition and…
Microsoft’s president Brad Smith said the UK regulator’s decision to prevent its acquisition of Call of Duty maker Activision Blizzard “had shaken confidence” in Britain as a destination for tech businesses. The Competition and Markets Authority (CMA), which operates independently from government, blocked the deal on Wednesday, saying it could…
The UK on Tuesday imposed a 12.7-million pound fine on Chinese video app TikTok for a number of breaches of data protection law, including failing to use children’s personal data lawfully. The Information Commissioner’s Office (ICO), the country’s information watchdog estimates that TikTok allowed up to 1.4 million UK children…
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