Britain’s financial watchdog floats AI regulation, and crypto firms should pay attention

Galaxy Digital's pivot to AI infrastructure highlights a strategic shift in crypto firms, emphasizing long-term revenue over volatile mining. The post Galaxy Digital delivers first 200MW phase to CoreWeave under 15-year lease appeared first on Crypto Briefing.

The UK's expanded sanctions highlight increasing regulatory scrutiny on financial systems, emphasizing compliance challenges for crypto platforms. The post UK sanctions Russian institutes SC Signal and GNIII VM for chemical attacks, adding to growing sanctions web appeared first on Crypto Briefing.

The new UK election funding rules could reshape political financing, potentially curbing foreign influence and prompting stricter crypto regulations. The post New UK election funding rules could impact Reform’s Tether billionaire donors appeared first on Crypto Briefing.

The crackdown on overseas cash comes after billionaire Tether investor and Reform donor Christopher Harborne registered to vote in the UK.

The UK's urgent call for AI regulation highlights the need for global cooperation to prevent potential existential threats to democracy. The post UK government warns of urgent need for AI guardrails, drawing Hiroshima comparison appeared first on Crypto Briefing.

The FCA has finalised major crypto rules and reduced a key proposed stablecoin capital requirement after industry feedback.

FCA official makes case for greater powers for watchdog as millions use technology for personal finance decisions

Exclusive: £20bn of ‘potential’ £30bn AI investment touted by UK ministers appears to have been hypothetical It was to be the biggest undertaking in Britain for OpenAI, the company behind ChatGPT. Stargate UK – a multibillion-pound UK datacentre project – would represent “a major step forward in the US-UK technology partnership”. But the plans were paused in April, with an OpenAI spokesperson citing concerns over regulation and high energy costs. Continue reading...