In the United Kingdom, HM Treasury has begun calling for applicants to lead the central bank’s digital currency team behind the push towards a digital pound.
In a job posted on LinkedIn on January 24, UK Treasury Called It has a team lead for payments and a fintech team of around 20 people focused on the “potential digital pound”. According to the posting, the CBDC chief will set “strategic direction” for the Treasury’s efforts to develop a digital currency in line with the government’s agenda, as well as analyze potential policy issues for lawmakers.
“Treasury and the Bank of England are working together through a CBDC task force to explore the issue of the digital pound,” the job posting said. “The Treasury and the Bank of England have committed to jointly consult on a potential digital pound, and the successful candidate will lead the Treasury team following the launch of the consultation, including working with the Bank of England to consider the responses to the consultation. working.”
Many UK lawmakers and industry leaders have offered their two cents — or rather pence — on the introduction of a CBDC as the digital asset space grows. Tony Yates, former senior adviser at the Bank of England, Advised against CBDCs. In a January interview, arguing that it was “not worth the cost and the risks.” Current Governor of the Central Bank of England Similarly, doubts have been expressed. About a digital pound
Related: UK MP says stablecoin is gateway to CBDC, only crypto can ‘disrupt’ settlements
The United Kingdom has experienced major changes in leadership, with the government going from three Prime Ministers within a few months to the death of Queen Elizabeth II in September 2022. However, legislators Continue to consider policies Regarding regulation and enforcement of digital assets.
At the time of publication, 16 applicants had applied to the Treasury for the CBDC role.
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