With list of jobs, Canada’s central bank takes further steps to become a CBDC

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The Bank of Canada is looking to hire an economist who has extensive knowledge of financial technology and digital currencies, potentially signaling the latest in a series of steps towards a digital currency from the Canadian Central Bank (CBDC).According to the bank’s official page, the economist’s tasks will be to monitor and analyze the latest developments related to electronic funds and payments, implement research projects, prepare analytical notes and work on the “Potential development of a CBDC”.

The Bank has defined a set of requirements that the candidate must meet, among which an in-depth knowledge of Bitcoin, Ethereum, and other major cryptocurrency platforms, as well as familiarity with traditional payment systems such as card networks, merchant acquirers and technology points of sale.

The candidate should also have experience in managing and analyzing public blockchain data and analyzing consumer survey data.

October 25, 2020 is the deadline for receipt of applications.

Central Bank of Canada Deputy Governor Timothy Lane recently called on central banks around the world to issue their own digital currencies, highlighting their importance to the economy in light of the Covid-19 pandemic. At the Central Bank Payments Conference, Lane also said that the development of CBDCs in Canada was progressing at “a good pace”.

In laying the groundwork for a CBDC, the Bank joins with the Bank of England, the US Federal Reserve, and the Bank of Japan, among others, who have also started researching the viability of CBDCs.

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