The central bank of Canada is making the next in a series of moves that will eventually lead to the creation of its own digital currency — or at least, that is what the crypto industry is assuming right now. The central bank revealed that it is looking for an economist with an in-depth understanding of crypto for its CBDC project. According to the central bank’s official page, the economist’s job will be to monitor new developments in the electronic funds and payments sector, analyze them, implement research projects, prepare analytical notes, and more.
The Bank of Canada is looking to issue a CBDC.
The central bank’s job posting added that they should be ready for the potential development of a CBDC, indicating that the bank is continuing with its plans to issue its own coin. There is a set of specific requirements that the applicants need to meet in order to even be considered for the position. The applicants need to possess in-depth knowledge and understanding of major coins, particularly Bitcoin and Ethereum, and other coins and platforms. On top of that, applicants must also be familiar with traditional payment systems.
Central banks continue to explore CBDCs.
As reported earlier today, the Reserve Bank of New Zealand revealed that they are looking deeply into retail CBDCs. Central banks in many countries have expressed interest in CBDCs, and many of them are working actively on the same. The People’s Bank of China (PBoC) is all set to become the first major nation to launch its national digital currency. The central bank has been working on its national digital currency, dubbed DCEP, for the last five to six years and is now very close to issuing it to the general public. As reported earlier, the Bank for International Standards revealed that CBDC was more searched than bitcoin and Libra this year.
