Bank of England Tightens CBDC StepssteemCreated with Sketch.

in cbdc •  4 years ago  (edited)

The Bank of England, the UK's central bank, has begun publishing job postings for a team dedicated to researching central bank digital currencies (CBDCs).

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The news comes a week after the UK's central bank and the treasury ministry announced the creation of a joint task force to assess the possibility of launching a digital pound, a type of CBDC already called " #Britcoin" by commentators.

Earlier this week, the UK central bank posted 7 job postings, 4 analysts, 2 design / planning and 1 senior executive, all related to CBDCs.

The statement on the managerial position stated that the bank is actively investigating whether to launch a CBDC, but the final decision on this is yet uncertain.

The new team will focus on many aspects such as monetary policy and financial stability risks and opportunities, areas of use, cooperation with other central banks, public policy issues, design and features.

In other countries, the CBDC era has already begun. In October, the Central Bank of the #Bahamas launched its own #CBDC. Last month, the Eastern #Caribbean Central Bank launched a #digital #currency called #DCash.

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On the other hand, #China leads among the major economies that have already tested the digital yuan significantly. The People's Bank of China is discussing whether to offer the digital currency to foreign visitors during the 2022 #Beijing #Winter #Olympics.

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