Digital standards

UK moves to give crypto full legal property status

The United Kingdom has introduced a landmark legal change by formally recognising cryptocurrencies and stablecoins as personal property. The Property Act, which secured royal assent this week, establishes a clear statutory framework for digital ownership after years of fragmented court rulings.

Industry bodies hailed the development as a decisive boost for legal certainty. Groups such as Bitcoin Policy UK and CryptoUK stated that the new rules enhance protection, facilitate token recovery, and clarify uncertainty over ownership and inheritance.

Lawmakers followed guidance from the Law Commission, which urged the creation of a dedicated category for digital assets that did not fit traditional definitions of personal property.

Regulators view the shift as part of a broader effort to reinforce Britain’s ambitions as a digital finance hub.

Ministers are reviewing a possible ban on cryptocurrency donations to political parties. They are also assessing reforms to the taxation of decentralised finance, which could prevent users from triggering capital gains when using lending protocols or liquidity pools.

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Bank of America advises clients to invest in crypto

Bank of America is expanding cryptocurrency access for its wealth management clients, recommending a 1–4% allocation of digital assets across portfolios. The move brings crypto exposure to a broader range of clients, beyond the bank’s previously ultra-wealthy clientele.

Starting January 5, the bank will cover four of the largest Bitcoin ETFs, including Bitwise Bitcoin ETF, Fidelity’s Wise Origin Bitcoin Fund, Grayscale’s Bitcoin Trust, and BlackRock’s iShares Bitcoin Trust, which collectively manage over $94 billion in assets.

The recommendation aligns with a broader trend among traditional financial institutions encouraging crypto adoption.

Firms such as Morgan Stanley, BlackRock, and Fidelity have issued similar guidance in the past year. Vanguard recently opened its brokerage platform to ETFs and mutual funds that primarily hold cryptocurrencies.

Chris Hyzy, Chief Investment Officer at Bank of America Private Bank, said that a modest allocation of 1–4% in digital assets may suit investors who are comfortable with high volatility and interested in thematic innovation.

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V3.2 models signal renewed DeepSeek momentum

DeepSeek has launched two new reasoning-focused models, V3.2 and V3.2-Speciale. The release marks a shift toward agent-style systems that emphasise efficiency. Both models are positioned as upgrades to the firm’s earlier experimental work.

The V3.2 model incorporates structured thinking into its tool-use behaviour. It supports fast and reflective modes while generating large training datasets. DeepSeek says this approach enables more exhaustive testing across thousands of tasks.

V3.2-Speciale is designed for high-intensity reasoning workloads and contests. DeepSeek reports performance levels comparable to top proprietary systems. Its Sparse Attention method keeps costs down for long and complex inputs.

The launch follows pressure from rapid advances by key rivals. DeepSeek argues the new line narrows capability gaps despite lower budgets. Earlier momentum came from strong pricing, but expectations have increased.

The company views the V3.2 series as supporting agent pipelines and research applications. It frames the update as proof that efficient models can still compete globally. Developers are expected to use the systems for analytical and technical tasks.

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Thrive Holdings deepens AI collaboration with OpenAI for business transformation

OpenAI and Thrive Holdings have launched a partnership to accelerate enterprise adoption of AI. The work focuses on applying AI to high-volume business functions such as accounting and IT services. Both companies say these areas offer immediate gains in speed, accuracy, and cost efficiency.

OpenAI will place its teams inside Thrive Holdings’ companies to improve core workflows. The partners want a model they can replicate across other sectors. They say embedding AI in real operations delivers better results than external tools.

Executives say AI is reshaping how organisations deliver value in competitive markets. OpenAI’s Brad Lightcap described the collaboration as an example of rapid, organisation-wide transformation. He said the approach could guide other businesses seeking practical pathways to use advanced AI tools.

Thrive Holdings views the initiative as part of a broader shift in how technology is adopted. Founder Joshua Kushner said industry experts are now driving change from within their sectors. He added that Thrive’s portfolio offers the data and domain knowledge needed to refine AI for specialised tasks.

Both partners expect the model to scale into additional business areas as uptake grows. They see long-term opportunities to adapt the framework to more enterprise functions. The ambition is to demonstrate how embedded AI can boost performance and sustain operational improvements.

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SIM-binding mandate forces changes to WhatsApp use in India

India plans to change how major messaging apps operate under new rules requiring SIM binding and frequent re-verification. The directive obliges platforms to confirm that the original SIM remains active, altering long-standing habits around device switching. Services have 90 days to comply with the order.

The Department of Telecom says continuous SIM checks will reduce misuse by linking each account to a live subscriber identity. Companion tools such as WhatsApp Web will automatically log out every 6 hours. Users will need to relink sessions with a QR code to stay connected.

The rules apply to apps that rely on phone numbers, including WhatsApp, Signal, Telegram, and local platforms. The approach mirrors SIM-bound verification used in banking apps in India. It adds a deeper security layer that goes beyond one-time codes and registration checks.

The change may inconvenience people who use Wi-Fi-only tablets or older devices without an active SIM card. It also affects anyone who relies on WhatsApp Web for work or on multi-device setups under a single number. Messaging apps may need new login systems to ease the shift.

Officials argue that tighter controls are needed to limit cyber fraud and protect consumers. Users may still access services, but with reduced flexibility and more frequent verification. India’s move signals a broader push for stronger digital safeguards across core communications tools.

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Australia stands firm on under 16 social media ban

Australia’s government defended its under-16 social media ban ahead of its introduction on 10 December. Minister Anika Wells said she would not be pressured by major platforms opposing the plan.

Tech companies argued that bans may prove ineffective, yet Wells maintained firms had years to address known harms. She insisted parents required stronger safeguards after repeated failures by global platforms.

Critics raised concerns about enforcement and the exclusion of online gaming despite widespread worries about Roblox. Two teenagers also launched a High Court challenge, claiming the policy violated children’s rights.

Wells accepted rollout difficulties but said wider social gains in Australia justified firm action. She added that policymakers must intervene when unsafe operating models place young people at risk.

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Safran and UAE institute join forces on AI geospatial intelligence

Safran.AI, the AI division of Safran Electronics & Defence, and the UAE’s Technology Innovation Institute have formed a strategic partnership to develop a next-generation agentic AI geospatial intelligence platform.

The collaboration aims to transform high-resolution satellite imagery into actionable intelligence for defence operations.

The platform will combine human oversight with advanced geospatial reasoning, enabling operators to interpret and respond to emerging situations faster and with greater precision.

Key initiatives include agentic reasoning systems powered by large language models, a mission-specific AI detector factory, and an autonomous multimodal fusion engine for persistent, all-weather monitoring.

Under the agreement, a joint team operating across France and the UAE will accelerate innovation within a unified operational structure.

Leaders from both organisations emphasise that the alliance strengthens sovereign geospatial intelligence capabilities and lays the foundations for decision intelligence in national security.

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Amar Subramanya takes over Apple AI as Giannandrea steps aside

Apple says its AI leadership is shifting as John Giannandrea prepares to leave the company. Amar Subramanya, a veteran of Google and Microsoft, will take over AI research and development. The move comes after delays to promised Siri upgrades.

Subramanya will report to software chief Craig Federighi and lead work on foundation models, machine learning research, and AI safety. Apple says his arrival reflects the company’s push to accelerate progress in these areas. Giannandrea will remain an adviser until early next year.

Multiple reports say internal pressure had grown as deadlines for Apple Intelligence features slipped. Senior leaders held private discussions on the future direction of the organisation. The reshuffle followed concerns that Apple had fallen behind competitors in core AI capabilities.

Giannandrea had previously overseen both Siri and AI models before responsibilities were split. Vision Pro architect Mike Rockwell now leads the development of the voice assistant. Apple says Giannandrea played a key role in shaping the company’s early AI work.

Chief executive Tim Cook praised both executives and framed the transition as part of a broader strategy. Apple says it remains committed to delivering a more personalised Siri next year. The company is positioning the leadership change as a step toward faster progress.

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Singapore and the EU advance their digital partnership

The European Union met Singapore in Brussels for the second Digital Partnership Council, reinforcing a joint ambition to strengthen cooperation across a broad set of digital priorities.

Both sides expressed a shared interest in improving competitiveness, expanding innovation and shaping common approaches to digital rules instead of relying on fragmented national frameworks.

Discussions covered AI, cybersecurity, online safety, data flows, digital identities, semiconductors and quantum technologies.

Officials highlighted the importance of administrative arrangements in AI safety. They explored potential future cooperation on language models, including the EU’s work on the Alliance for Language Technologies and Singapore’s Sea-Lion initiative.

Efforts to protect consumers and support minors online were highlighted, alongside the potential role of age verification tools.

Further exchanges focused on trust services and the interoperability of digital identity systems, as well as collaborative research on semiconductors and quantum technologies.

Both sides emphasised the importance of robust cyber resilience and ongoing evaluation of cybersecurity risks, rather than relying on reactive measures. The recently signed Digital Trade Agreement was welcomed for improving legal certainty, building consumer trust and reducing barriers to digital commerce.

The meeting between the EU and Singapore confirmed the importance of the partnership in supporting economic security, strengthening research capacity and increasing resilience in critical technologies.

It also reflected the wider priorities outlined in the European Commission’s International Digital Strategy, which placed particular emphasis on cooperation with Asian partners across emerging technologies and digital governance.

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Italy secures new EU support for growth and reform

The European Commission has endorsed Italy’s latest request for funding under the Recovery and Resilience Facility, marking an important step in the country’s economic modernisation.

An approval that covers 12.8 billion euros, combining grants and loans, and supports efforts to strengthen competitiveness and long-term growth across key sectors of national life.

Italy completed 32 milestones and targets connected to the eighth instalment, enabling progress in public administration, procurement, employment, education, research, tourism, renewable energy and the circular economy.

Thousands of schools have gained new resources to improve multilingual learning and build stronger skills in science, technology, engineering, arts and mathematics.

Many primary and secondary schools have also secured modern digital tools to enhance teaching quality instead of relying on outdated systems.

Health research forms another major part of the package. Projects focused on rare diseases, cancer and other high-impact conditions have gained fresh funding to support scientific work and improve treatment pathways.

These measures contribute to a broader transformation programme financed through 194.4 billion euros, representing one of the largest recovery plans in the EU.

A four-week review by the Economic and Financial Committee will follow before the payment can be released. Once completed, Italy’s total receipts will exceed 153 billion euros, covering more than 70 percent of its full Recovery and Resilience Facility allocation.

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