England’s central bank moves ahead with CBDC with 7 job postings

Regulation

The United Kingdom’s central bank, the Bank of England, or BoE, still maintains that it is unsure on a path forward regarding a central bank digital currency, although the entity is looking to hire at least seven CBDC-related job positions. 

The job listings recently surfaced on the BoE’s job posting website. One such position searches for a “Stakeholder Analyst – Central Bank Digital Currency (CBDC).”

As per the site, the bank is also searching for a project analyst, a solution architect, a technology analyst, a senior manager, and a senior enterprise architect — all CBDC-related, as well as a senior CBDC policy analyst. The site posted the listings on Tuesday and Wednesday.

“Like many other central banks, the Bank of England is actively exploring whether it should develop and issue a Central Bank Digital Currency (CBDC),” said the page for the stakeholder analyst job listing. “No decision has yet been taken on whether or not a CBDC is needed in the UK, but it is an important topic for the Bank to understand.”

The posting mentioned a number of specifics on the job, as well as the BoE’s focus in terms of looking into a CBDC.

Reporting earlier this month showed Her Majesty’s Treasury, or HMT, and the BoE jointly working on CBDC-related research, unveiling a CBDC task force. CBDCs have been a hot topic over the past year or so, with central banks acting at varied speeds.

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