The Bank of England has opened recruitment for CBDC development
IN BRIEF:
The bank plans to create a team of up to 30 people to oversee the project
The variety of new roles available will relate to the design, technology and policy development of its proposed CBDC
Bank of England deputy governor Jon Cunlifffe has told MPs that a digital pound has a better than 50/50 chance of becoming reality
What does this mean?
The job posting states: "HM Treasury and the Bank of England have recently issued a Consultation Paper setting out an assessment of the motivations and design choices for a potential digital pound, alongside a Technology Working Paper which outlines our emerging thinking on CBDC technology. These papers signal that our work will now move onto a design phase, which will look at the technology and policy requirements for a digital pound."
