UK gov’t is hiring a central bank digital currency lead for Treasury team

Please fol­low and like us:
Pin Share

HM Trea­sury in the Unit­ed King­dom has begun call­ing for appli­cants to lead the cen­tral bank dig­i­tal cur­ren­cy team behind efforts towards a dig­i­tal pound.

In a job post­ed to LinkedIn on Jan. 24, the U.K. Trea­sury called for a team lead for its Pay­ments and Fin­tech Team of rough­ly 20 peo­ple focused explor­ing on a “poten­tial dig­i­tal pound”. Accord­ing to the post­ing, the CBDC head would deter­mine the “strate­gic direc­tion” for 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 the CBDC Task­force to explore the case for a dig­i­tal pound,” said the job post­ing. “Trea­sury and the Bank of Eng­land have com­mit­ted to con­sult joint­ly on a poten­tial dig­i­tal pound, and the suc­cess­ful can­di­date will lead the Trea­sury team in the wake of the consultation’s issuance, includ­ing work­ing with the Bank of Eng­land to con­sid­er con­sul­ta­tion responses.”

Many U.K. law­mak­ers and indus­try lead­ers have all offered their two cents — or rather, pence — on the intro­duc­tion of a CBDC as the dig­i­tal asset space grows. Tony Yates, a for­mer senior advis­er to the Bank of Eng­land, advised against CBD­Cs in a Jan­u­ary inter­view, argu­ing it was “not worth the costs and risks.” The cur­rent gov­er­nor of England’s cen­tral banks has like­wise expressed skep­ti­cism about a dig­i­tal pound.

Relat­ed: UK MP says sta­ble­coin is a gate­way to CBDC, only cryp­to can ‘dis­rupt’ settlements

The U.K. has expe­ri­enced major shake ups in lead­er­ship, from the gov­ern­ment going through three prime min­is­ters with­in a mat­ter of months to Queen Eliz­a­beth II pass­ing in Sep­tem­ber 2022. How­ev­er, law­mak­ers con­tin­ue to mull poli­cies relat­ed to dig­i­tal asset reg­u­la­tion and enforcement.

At the time of pub­li­ca­tion, 16 appli­cants had applied for the CBDC role at Treasury. 

Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published.