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UK

UK Holds Off AI Regulation Plans, Focusing on Innovation Instead

During a recent Financial Times conference, Viscount Jonathan Camrose, the UK’s first minister for AI and intellectual property, emphasized the nation’s reluctance to implement immediate regulations concerning artificial intelligence. While...
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UK Committee Issues Stark Warning Against Fan Tokens in Sports Clubs

In a comprehensive 30-page report, the UK House of Commons Culture, Media, and Sport Committee has raised significant concerns over the growing trend of soccer clubs adopting fan tokens. These...
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UK Government to Exclude Unbacked Crypto Assets and Derivatives from Digital Securities Sandbox

The UK government has announced that it will not be including unbacked crypto assets and derivatives in its plans for a digital securities sandbox. The sandbox is a regulatory framework...
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UK Prime Minister Rishi Sunak Remains Bullish on Crypto Amid Economic Challenges

In a bold display of optimism, Rishi Sunak, the former UK Finance Minister, continues to champion the potential of cryptocurrencies despite the downturn experienced by both the crypto market and...
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UK MPs Propose Regulating Cryptocurrency Trading as Gambling, Citing Lack of Intrinsic Value and Addiction Risks

The UK Treasury Select Committee has proposed that cryptocurrency trading should be classified as gambling rather than a financial service, according to recent reports from British media outlet Sky News....
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UK Government Seeks Public Opinion on Tax Reforms for DeFi Lending and Staking

  Introduction: The United Kingdom government is currently seeking public opinion on tax reforms for decentralized finance (DeFi) lending and staking. The proposed reforms are aimed at creating a framework...
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