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The Bank of England, together with the UK's Treasury, is actively deliberating the risks and advantages of introducing a Central Bank Digital Currency, dubbed Britcoin. Their focus is on its potential economic impact and benefits for UK citizens. 
In an effort to modernize public services, the UK government plans to introduce artificial intelligence in sectors like security, education, and healthcare, targeting the reduction of routine, time-consuming tasks. This approach is set to refocus employees on their key responsibilities. 
Citing potential fraud risks, British banking titan Chase has chosen to halt cryptocurrency-related payments from October 16th.
"If we think you're making a payment related to crypto assets, we'll decline it," was the message relayed to clients via email.
The bank also emphasized that those intent on investing in cryptocurrencies have the liberty to switch to other banks or providers. 
MetaMask Portfolio now lets users cash out crypto to fiat currencies like USD, EUR, and GBP. Users can quickly convert crypto to fiat, sending it directly to preferred destinations like bank accounts or PayPal.
Instead of relying on one provider, MetaMask aggregates multiple vetted providers, presenting real-time conversion options.
Currently, this feature supports ETH on Ethereum Mainnet in the US, UK, and parts of Europe. Expansion plans include more regions and layer 2 network gas tokens. 
U.K. House of Commons Treasury Committee lawmakers, in its recent report, have urged the government to reconsider the regulations for a potential Central Bank Digital Currency (CBDC). Proposed changes include setting a lower limit on individual holdings (up to £3,000) and the option to earn interest on these holdings. 
G7 Countries Forge Common Principles on AI Risk Mitigation
The artificial intelligence sector is revisiting the idea of implementing specific watermarks and additional vetting measures. The G7 countries – Canada, France, Germany, Italy, Japan, the UK, and the USA – have presented 11 guiding principles for AI applications to tech companies. For now, following these guidelines is optional. 
Ukraine's law enforcement officers are leveling up with cryptocurrency training, thanks to a collaboration between tax authorities from the US, UK, and Netherlands. This initiative aims to boost their skills in handling decentralized assets, detecting illicit transactions, and curbing tax and sanctions evasion. “Knowledge sharing is one of the priorities within these international partnerships and can contribute to greater know-how to counter cybercrime,” said the director general of the Dutch Fiscal Information and Investigation Service. 
Today, key aspects of the summit's agenda were revealed, giving priority to risk management and support strategies.
Leaders from major countries, top tech organizations, academic circles, and civic groups will converge at the event to discuss expedient actions in the cutting-edge arena of AI development.
The UK's representatives are of the opinion that fostering AI investment could significantly benefit society and economic productivity, but only if done within a regulatory framework.
“Without appropriate guardrails, this technology also poses significant risks in ways that do not respect national boundaries. The need to address these risks, including at an international level, is increasingly urgent.“