Kenya Suspends Crypto Project Worldcoin over Safety Concerns

NAIROBI – Kenya’s interior ministry said on Wednesday that it had suspended the local activities of cryptocurrency project Worldcoin while government agencies assess iris scan safery concerns and potential risks to public safety. The project founded by OpenAI CEO Sam Altman launched last week. It requires users to give their iris scans in exchange for […]

Factbox - Governments’ Efforts to Regulate AI Tools

Italy’s data protection agency said on Wednesday it would lift its temporary ban on OpenAI’s ChatGPT artificial intelligence (AI) technology if the U.S. company complied with data protection and privacy demands by end-April. Rapid advances in AI such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree on laws governing the use of the […]

Britain Sets Out Next Steps to Green Its Financial System

Britain’s finance ministry set out plans on Thursday to meet its target of becoming the world’s first net-zero aligned financial centre, proposing measures to stamp out so-called greenwashing in financial markets and channel cash into sustainable projects. The ministry said in an update to its Green Finance Strategy “we will ensure market participants have the […]

Britain Plans New Data Rules to Ease Compliance Burden

Britain will make another attempt to reform its data protection law on Wednesday with the objective of easing the compliance burden for businesses while remaining sufficiently in line with the European Union to keep information flowing. The government said it would bring an updated Data Protection and Digital Information Bill back to parliament after its […]

SoftBank’s Arm Rebuffs London by Choosing U.S. Listing

Arm, the chip designer owned by Japan’s SoftBank, said on Friday it would pursue a U.S.-only listing this year, dashing the British government’s hopes that the tech giant would return to the London stock market. The company did not completely rule out an eventual London listing, saying it intended to consider a subsequent IPO there […]

Britain to Push Ahead with Readying Ground for a Digital Pound

Getting the design of a digital pound right is a bigger priority than a rapid launch, Britain’s Financial Services Minister Andrew Griffith said on Tuesday. China has pushed ahead with piloting a digital yuan and the European Central Bank is studying a digital euro, piling pressure on Britain to do the same and keep abreast […]

UK draws up plans to heighten digitalization of global trading

The UK government’s Board of Trade uncovered Friday a report with plans to enhance digitalization of global trading to deliver significant opportunities for local businesses to play a role in empowering economic growth. The board, led by the country’s trade minister Anne Marie Trevelyan, structured the report to highlight the vitality of heightening digitalization of […]