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UK Finance Works With Quant For Tokenised Sterling Deposits

UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD). The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money, it announced on…

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Microsoft cuts cloud services to Israeli military unit over Palestinian surveillance

Microsoft has cut off the Israel Ministry of Defense’s access to some of its tech and services after an internal investigation found the organization appeared to be using its tech to store surveillance data on phone calls made by Palestinians.   The tech giant announced on Thursday that it made the decision to “cease and disable” certain subscriptions from the Israeli military. This affects subscriptions to Azure cloud storage and certain AI…

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Apple warns of more feature delays in Europe

Apple says it’s having to delay bringing some product features to Europe because it’s struggling to make them compliant with the EU’s Digital Markets Act (DMA). In a statement published on Wednesday, Apple said that DMA rules have created “more complexity and more risks for our EU users,” blaming the obligation to open Apple features…

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