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  • Farage trying to block ‘Britcoin’ plans that could be costly for billionaire donor

    Reform UK leader used private meeting at Bank of England to urge governor to drop plans for state-run cryptocurrency Nigel Farage has been trying to block a Bank of England cryptocurrency plan that could be costly for the billionaire bankrolling his party. The Reform UK leader has said Christopher Harborne wants nothing in exchange for…

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  • Universal basic income could be used to soften hit from AI job losses in UK, minister says

    Lord Stockwood says people in government ‘definitely’ talking about idea as technology disrupts industries • Business live – latest updates The UK could introduce a universal basic income (UBI) to protect workers in industries that are being disrupted by AI, the investment minister Jason Stockwood has said. “Bumpy” changes to society caused by the introduction…

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  • UK Treasury drawing up new rules to police cryptocurrency markets

    Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’ Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the…

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