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Friday, January 27, 2023

UK seeks CBDC expert to investigate digital pound

UK Treasury Will Seek CBDC Expert To Lead A Team Aiming To Develop Digital Pound, The position of the person selected will be «head of digital currency of the central bank“by country.

a few hours ago, The United Kingdom Treasury (UK Treasury) will publish a job offer looking for a cryptocurrency specialistIn particular central bank digital currencies (cbdc, The offer will have been published through the LinkedIn portal and in less than 3 hours there will already be 8 applications for the position.

The selected candidate will get the status of «head of digital currency of the central bankCan be commanded by a team of professionals in the field for » and «Lead the work of the UK Treasury in developing the digital pound Potential (CBDC),

it will have another function Work with the Bank of England to respond to inquiries from the country’s government regarding the issuance of a digital pound, This latter role will fit within the existing Fintech and Payments team and is independent from the current Head of Crypto Assets and Digital Currencies.

At the moment, the United Kingdom is still evaluating whether to develop its own CBDC in the country and whether it is needed. One of the tasks of the new head of digital currency is to present a project focusing on the needs that can be covered by the CBDC and how to adapt them to the country’s economy. It is anticipated that in the coming weeks, the government will make a formal consultation with the Treasury regarding these needs and the economic impact of CBDCs.,

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Uk Seeks Cbdc Expert To Investigate Digital Pound

In November, the deputy governor of the Bank of the United Kingdom, John Cunliffe, Supported the development of a country-owned CBDC, He relied on the collapse of the FTC Exchange House and the impact it had on the crypto ecosystem to defend his position. For Cunliffe, having a currency backed by a central bank would help mitigate the impact of these events on the ecosystem.

Continue reading about how TON Network is planning to freeze the chain of wallets with $2.5 billion in TONCOIN, you might find it interesting.

World Nation News Desk
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