Bank of England Seeks Digital Currency Research Lead
The Bank of England is on the hunt for an economist to spearhead its research into a central bank-issued digital currency. According to the job listing, the research lead would play a driving role in its bid to issue a digitized, blockchain-based version of the UK pound – an idea the Bank of England has been exploring since as early as last year. Tthe central bank is looking for someone to lead the effort and examine whether "universal access" to this kind of electronic money would be "desirable" for users. The listing explains: "The job holder will be responsible....
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The Bank of England has decided to collaborate with MIT regarding the development of a CBDC. The Bank of England is the latest bank that has expressed interest in exploring the scope of a CBDC. This latest partnership is with MIT’s Media Lab’s Digital Currency Initiative, through which BoE seeks to inspect and understand potential […]
The Bank of England has proposed the introduction of a central bank backed digital currency alongside fiat banknotes. The idea of creating a central bank backed digital currency is not a new thing. The digital currency community and central banks of various nations have floated this idea at one point or another. While most nations are yet to act upon it, the Bank of England is already doing the groundwork for such an implementation. A ‘Staff Working Paper‘ published this month as part of the research commissioned by the Bank of England reports that introduction of a Bank of England backed....
The Bank of England will launch a yearlong joint research project with MIT, which is already working with the Fed and Bank of Canada. The Bank of England announced Friday that it had reached an agreement with the Massachusetts Institute of Technology Media Lab Digital Currency Initiative, or DCI, on a joint twelve-month research project on Central Bank Digital Currency, or CBDC. The bank said in a statement that the new project was for research purposes only, and not intended to develop an operational CBDC.The bank began studying CBDC in 2020, releasing a discussion paper in March of that....
Over the past few months, it has become clear how a lot of major financial institutions around the world are looking at how they can implement blockchain technology. Bank of England, United Kingdom’s central bank, has launched a dedicated blockchain career page. But there is a twist, as the BoE is looking for bright ideas, which can eventually lead to a....
The Bank Of England (BoE) has stated a “central bank digital currency” (CBDC) could raise the UK’s GDP “by almost 3%.” Digital Currency Has ‘Number of Benefits’. In a lengthy new report published this week, the Bank studies the feasibility of introducing a CBDC, as well as the likely implications it would be have for the economy. Its authors, research....