Bank of England Hiring For a CBDC- Will it replace the Pound?
Join Our Telegram channel to stay up to date on breaking news coverage According to a recent report by The Times, the Bank of England (BOE) has begun hiring employees to develop its digital currency. The central bank plans to put together a team of up to 30 individuals to work on its central bank digital currency (CBDC) project. Bank of England Hiring for Digital Currency Project According To Report The BOE’s website has advertised for two roles – a “digital pound solutions architect” and a “digital pound security architect,” both created in late March. The project is currently being referred to as the “digital sterling” or “digital pound,” but the media has nicknamed it “Britcoin.” It has been reported that the BOE and the UK Treasury are investigating the feasibility of introducing an official digital currency by 2030, which would be issued by the BOE and backed by the government. The BOE and the UK Trea...