Current，bet365 apuestas is becoming the focus of global financial change，Major central banks around the world are actively exploring the development of digital currencies。In an environment where international digital finance is accelerating its development and has a huge impact on the traditional financial landscape，Central banks of various countries issue electronic currency in the form of debt (CBDC) to seize the commanding heights of bet365 apuestas，To accelerate the circulation of domestic bet365 apuestas at home and abroad、Stabilizing financial markets、It is of great significance to enhance the status and competitiveness of the country’s sovereign currency in the international financial system。In recent years，The UK is committed to research and exploration of bet365 apuestas development，Some progress has been made，But we also face many difficulties。Examining its basic practices is an important reference for promoting the development and application of international bet365 apuestas。

　Create a good bet365 apuestas environment

The main purpose of the UK’s research and development of bet365 apuestas is to adapt to the needs of economic digital development，Build a more convenient digital environment。

The British domestic economy is currently facing digital challenges。On the one hand, it is more convenient for people to obtain electronic money，On the other hand, the low cost and efficiency of e-commerce are constantly stimulating public demand，The use of cash within the UK for trading purposes is therefore currently declining，And the usage rate of electronic money continues to rise。Meanwhile，Many new business models are emerging，Their further development depends on the widespread application of digital currencies。In this case, the development of bet365 apuestas will actively promote domestic economic development and financial and monetary stability。In the current international environment，To consolidate its world-leading position in financial services，It is necessary for the UK to guide and support the domestic transition to a digital economy，Pursue into the global bet365 apuestas research boom。In addition，The mass adoption of digital currencies and the interoperability of different digital currencies require close cooperation between government agencies around the world and global supranational institutions。

According to a recent Bank of England survey，70% of the respondents said that the use of cash has decreased compared with before the epidemic，Contactless payment and online transaction volume have greatly increased。A well-designed bet365 apuestas system has the potential to fully bring the UK into the digital age，Let the British people become active participants in the digital economy，Contribute to promoting the widespread use of digital platforms and the continuous growth of platform capabilities，Enhance payment security，Stabilizing financial markets。UK Finance Minister Rishi Sunak believes that the issuance of a digital pound will better help the UK cope with the challenges posed by cryptocurrencies such as Bitcoin，Fundamentally broaden the central bank’s funding channels，Accelerate payment speed at home and abroad，Reduce financial risks。The strong driving force behind the introduction of bet365 apuestas in the UK is innovation and the challenges it brings in the global monetary system and its financial and payments ecosystem。The emergence of new forms of currency will promote economic inclusion to a greater extent，Better improve the existing payment system。

　　bet365 apuestas research and development has made positive progress

Currently，The research and development and application of British bet365 apuestas have achieved certain results，The main measures include the following four aspects。

First，Carry out preliminary research。Back in 2016，The British government releases a research report on distributed ledger technology (DLT) led by the chief scientific adviser。Research on distributed ledger technology as the underlying logic of “decentralization” of bet365 apuestas，Critical to the development of UK bet365 apuestas。2019，UK Financial Conduct Authority releases consultation paper on "Guidance on Cryptocurrency Assets"，Proposed regulatory framework for the cryptocurrency market。The UK Treasury announced in 2020 that it will establish a new regulatory agency for stablecoins and other digital currencies，At the same time, it stated that it is advancing plans to use bet365 apuestas as a means of payment。The bet365 apuestas Research Report released by the Bank of England in 2020 analyzes the challenges and risks of introducing digital currencies，And for the payment industry、Soliciting opinions and feedback from academia and relevant interest groups。

Second，Establish a special working group for the development of bet365 apuestas。Announced by the Bank of England on April 20, 2021，A central bank bet365 apuestas task force will be established in conjunction with the British Treasury，To jointly coordinate the exploration of a digital pound，Accelerating Digital Pound Plan。The establishment of the special working group will help relevant departments adopt strategic approaches，And promote close cooperation between the Ministry of Finance and the Central Bank。The Bank of England also established two external engagement groups，The "bet365 apuestas Participation Forum" will be hosted by financial institutions、Business User、Composed of civil society groups, consumers and other stakeholders，Coordinate the strategic goals of all non-technical aspects of bet365 apuestas，Consider the functional requirements of bet365 apuestas、The role of the public and private sectors in bet365 apuestas systems and issues such as data and privacy。The “bet365 apuestas Technology Forum” will absorb financial technology companies、Participation of stakeholders such as academia and infrastructure providers，Apply expertise in different areas to explore all technical aspects of digital currencies。

　Third，Provide financial support。The Bank of England has currently provided a variety of payment modes to support the payment system to settle in central bank bet365 apuestas。On this basis，To cooperate with the work of the special working group，The Bank of England has developed a new type of account。In new mode，Operators of payment systems can hold funds in omnibus accounts，Use central bank funds to provide fund settlement for participants。This enables operators to offer innovative payment services，At the same time enjoy the security guarantee of central bank currency settlement。They can support a wide range of high-value payments，From commercial banks buying government bonds to small businesses paying suppliers。

　Fourth，Carry out international cooperation。BoE with support from the Bank for International Settlements，With the Bank of Canada、Swedish Bank、Bank of Japan、Swiss National Bank、The European Central Bank and other central banks form a joint research group on central bank digital currencies，Share experiences in bet365 apuestas development within your own jurisdiction。The group will evaluate central bank bet365 apuestas application scenarios，Conduct economy、Experience sharing in functional and technical design and interoperability。It will work closely with relevant bodies and forums such as the Financial Stability Board and the Committee on Payments and Market Infrastructures。

　　bet365 apuestas applications face multiple challenges

The R&D and application of bet365 apuestas require a sound external environment，And formulate strict legal regulations。Therefore，The UK also has many difficulties in the process of promoting bet365 apuestas。

First, the environment for launching bet365 apuestas is not good。An expert pointed out，The UK does not have the same favorable conditions for issuing bet365 apuestas as other countries such as China。More than 80% of transactions in China are completed through electronic payment methods，And British consumers may not be able to accept large-scale e-wallet use in a short period of time。The Bank of England still needs to win more support and trust from the public on the premise that the technology is mature，Waiting for the right time for release and use。In addition，With the acceleration of the bet365 apuestas implementation process，Many stakeholders still have significant misunderstandings about the basic principles of digital currencies。At the same time，The current payment system in the UK is undergoing an important transition，A series of strategic projects，Nu Skin payment architecture and new payment and settlement system RTGS2 are being debugged。None of these projects included the development of bet365 apuestas into the operating framework when they were originally designed。Therefore，Once bet365 apuestas is issued，It will bring challenges such as coordination and matching to the development of these projects。

Second, it is very difficult to protect privacy。Privacy issues and how to reduce fraud and anti-money laundering while protecting privacy，Is an important consideration in the UK’s promotion of bet365 apuestas。The UK has always been a country that attaches great importance to personal privacy rights。The success of promoting bet365 apuestas largely depends on whether the digital pound can fully protect consumers’ privacy rights。Among them，The two aspects of data privacy and the prevention of illegal activities such as leaks must be considered at the same time。At present, the parties concerned have not been able to reach a consensus on this issue。The bet365 apuestas system of non-intermediary peer-to-peer transactions cannot meet the requirements of regulatory agencies，However, a fully traceable system that fully identifies each transaction is unrealistic。Relevant British government departments are exploring effective solutions，If you can achieve data privacy while allowing consumers to "withdraw" bet365 apuestas on their devices or wallets for anonymous consumption，Another example is setting a special threshold，Transactions above a certain threshold may be subject to a higher degree of privacy protection, etc.。

Third, there is a long way to go to strengthen legal protection。With the rise of new business models，Private cryptocurrencies are circulating in the digital market。Their use does not currently have an impact on the stability of the UK's financial markets，But to the government、Businesses and individual investors have higher risks。Lack of effective supervision leads to fraud in the use of cryptocurrency、Money laundering、Terrorism and other criminal problems frequently arise。In view of this，The digital pound is a legal bet365 apuestas issued by the Bank of England，Fully consider how to reasonably avoid risks for consumers，Supporting strict and authoritative laws and regulations，To comprehensively improve the security of large-scale use of digital currencies，It is the most important problem that needs to be solved。

The British government makes a commitment to the people，Cash will not be completely replaced by bet365 apuestas。Digital currencies will likely need to coexist long-term with cash and other trusted private currencies，Thus gaining enough time to expand the impact and utilization of bet365 apuestas。There is also a need for close cooperation between the public and private sectors，To improve currency payment innovation、Efficiency and risk management capabilities, etc.，These have greatly increased the complexity and difficulty of bet365 apuestas development and market operation。What are the prospects for the development and launch of the Bank of England’s bet365 apuestas，Still to be studied in depth by all parties。

(Author’s unit: School of Foreign Languages, South China University of bet365 apuestas)