Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ On the job listing, Canada’s central bank is taking additional steps towards a CBDC

On the job listing, Canada’s central bank is taking additional steps towards a CBDC

The Bank of Canada is seeking to hire an economist with in-depth knowledge of financial technology and digital currencies, possibly signaling the latest in a series of steps towards a Canadian Central Bank Digital Currency (CBDC).

According to the bank’s official page, the role of the economist is to track and analyze the latest developments related to electronic funds and payments, implement research projects, prepare analytical records, and work on “potential development of a CBDC.”

The Bank has defined a set of requirements that the applicant must meet, in addition to an in-depth knowledge of Bitcoin, Ethereum, and other major cryptocurrency platforms, as well as familiarity with traditional payment systems such as of card networks, merchant acquisitions, and point of sale technologies.

The applicant must also have experience handling and analyzing public blockchain data and analyzing consumer survey data.

October 25, 2020 is the deadline for receiving applications.

The Deputy Governor of the Central Bank of Canada, Timothy Lane, recently called on central banks around the world to issue their own digital currencies, emphasizing their importance for the economy in the light of Covid-1

9 pandemic. Central Bank Payments Conference Lane also said that Canada’s CBDC development is progressing at “a great pace.”

In laying the foundation for a CBDC, the Bank of England, the US Federal Reserve and the Bank of Japan, among others, joined in, also began conducting research on the viability of CBDCs.

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