Bank of Canada to Hire Economist With In-Depth Knowledge in CBDC, Blockchain & Cryptocurrencies
In yet another indication of interest towards the creation of a Central Bank Digital Currency (CBDC), the Bank of Canada is looking to rope in an economist who has an in-depth knowledge of financial technology and digital currencies.
As per the bank’s official webpage, the primary job of the economist will be to track and study the latest advancements associated to digital funds and payments, initiate research ventures, get analytical documents ready and do the groundwork for the “potential development of a CBDC.”
The Bank expects the chosen person to have thorough knowledge of Bitcoin, Ethereum and other top altcoins, in addition to clear understanding of conventional payment systems such as merchant acquirers, card networks, and point of sale technologies.
The candidate must have adequate experience in managing and scrutinizing public blockchain info and studying consumer survey info. The last date for the receipt of applications is October 25.
In recent times, Timothy Lane, Deputy Governor of the Central Bank of Canada, has suggested central banks across the globe to issue CBDC, underlining their significance for the economy in view of Covid-19 pandemic. While speaking at the Central Bank Payments Conference, Lane stated that the country’s CBDC development was advancing at “a good pace.”
While providing a framework for CBDC, the bank has partnered with the Bank of England, the US Federal Reserve and the Bank of Japan, amongst others, have also started carrying out probe into the feasibility of CBDCs.