{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=PT-PT&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=%22Britcoin%22+in+the+future%3F+UK+tests+digital+currency&text=The+Bank+of+England+has+announced+plans+to+test+the+possibility+of+a+national+digital+currency+-+from+Bitcoin+to+possible+Britcoin.&text=The+Bank+of+England+has+begun+provisional+testing+of+a+central+bank+digital+currency+%28CBDC%29+that+could+lead+to+a+national+%3Ca+title%3D%22Is+Crypto+Trader+Legit%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3Ecryptocurrency%3C%2Fa%3E+in+the+United+Kingdom.+As+%3Ca+href%3D%22https%3A%2F%2Fassets.publishing.service.gov.uk%2Fgovernment%2Fuploads%2Fsystem%2Fuploads%2Fattachment_data%2Ffile%2F978531%2FFinal_CBDC_Taskforce_ToR.pdf%22%3Eannounced%3C%2Fa%3E+in+a+document+by+Her+Majesty%27s+Treasury%2C+a+CBDC+taskforce+has+partnered+with+the+central+bank+in+the+country.%0A%0AAccording+to+the+document%2C+the+taskforce+will+serve+four+fundamental+purposes%3A%0A%3Col%3E%0A+%09%3Cli%3ETo+supervise+the+exploration+of+the+goals+and+objectives%2C+opportunities+and+risks+a+potential+national+digital+currency+might+offer.%3C%2Fli%3E%0A+%09%3Cli%3ETo+direct+the+analysis+of+the+design+features+a+national+digital+currency+must+offer+to+achieve+the+goals+set+out.%3C%2Fli%3E%0A+%09%3Cli%3ETo+support+a+vital+experiment+and+testing+assessment+for+the+UK+central+bank+digital+currency.%3C%2Fli%3E%0A+%09%3Cli%3ETo+keep+an+eye+on+and+monitor+the+developments+of+other+central+bank+digital+currencies+across+the+globe+to+maintain+innovative+thinking.%3C%2Fli%3E%0A%3C%2Fol%3E%0AWhile+testing%2C+however%2C+it%27s+worthwhile+noting+that+the+government+has+yet+to+decide+whether+it+would+like+to+introduce+a+central+digital+currency+to+the+country.+If+it+goes+ahead+to+release+a+UK+CBDC%2C+it+will+work+alongside+traditional+methods+of+finance+rather+than+replacing+them.+As+per+the+document%3A%0A%0A%3Cem%3E%22The+Government+and+the+Bank+of+England+have+not+yet+made+a+decision+on+whether+to+introduce+a+CBDC+in+the+UK%2C+and+will+engage+widely+with+stakeholders+on+the+benefits%2C+risks+and+practicalities+of+doing+so.+A+CBDC+would+be+a+new+form+of+money+that+would+exist+alongside+cash+and+bank+deposits%2C+rather+than+replacing+them%3B+the+Government+recognises+that+cash+remains+important+to+millions+of+people+across+the+UK%2C+and+has+committed+to+legislating+to+protect+access+to+cash.%22%3C%2Fem%3E%0A%0A%3Ca+href%3D%22https%3A%2F%2Fwww.reuters.com%2Fbusiness%2Ffinance%2Fuk-launches-taskforce-potential-bank-england-digital-currency-sunak-2021-04-19%2F%3Frpc%3D401%26amp%3B%22%3EReuters+recently+reported%3C%2Fa%3E+on+the+United+Kingdom%27s+financial+focus+shifting+towards+including+blockchain+technology.+As+per+the+report%2C+the+national+bank+sees+the+limitations+that+%3Ca+title%3D%22Bitcoin+Evolution%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fbitcoin-evolution-review%2F%22+data-replaced%3D%22true%22%3EBitcoin%3C%2Fa%3E+presents+as+a+tender+and+its+exploration+in+a+national+digital+currency+would+set+out+to+combat+the+challenges.","timeout":15}