The Bank of England is set to assemble a team of 30 individuals to work on the creation of a central bank digital currency (CBDC). The Sunday Times reported this information. The partnership between the UK’s central bank and the Department of Finance resulted in this recruitment endeavor. Indeed, at the start of the year, these two organizations stated their desire to cooperate on developing a digital version of the pound sterling. British people who choose to participate in the initiative may give their opinion on this as well.
The organization is searching for an e-book security architect as well as an e-book solutions architect. Each of these posts is paid £80,000 (US$ 99,000). The British Treasury similarly advertised in January for the appointment of a head of digital currency inside the central bank.
The Bank of England Remains Cautious
The Bank of England remained cautious and declined to name this possible currency “Britcoin,” a word used by the media. Furthermore, the bank has yet to determine whether to develop a digital ledger using distributed ledger technology.The organization is searching for an e-book security architect as well as an e-book solutions architect. Each of these posts is paid £80,000 (US$ 99,000). The British Treasury similarly advertised in January for the appointment of a head of digital currency inside the central bank.
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