The UK Treasury has posted a job vacancy to hire a head for its payment and fintech team, who would be responsible for steering the digital pound’s development.
The United Kingdom’s HM Treasury has triggered a buzz in crypto circles as it took to LinkedIn to post a job vacancy for the head of the UK’s central bank digital currency (CBDC) team. The team is called the Payments and Fintech team, made up of 20 odd people. It is responsible for formulating policies for the UK’s payment sector and ensuring that the country stays ahead with developments in crypto and digital assets.
“Treasury and the Bank of England are working together through the CBDC Taskforce to explore the case for a digital pound. Treasury and the Bank of England have committed to consult jointly on a potential digital pound, and the successful candidate will lead the Treasury team in the wake of the consultation’s issuance, including working with the Bank of England to consider consultation responses,” stated the post, clearly referring to UK’s intentions to launch a digital pound for households and businesses to use.
The post then goes on to list the key accountabilities for the post, including developing a strategy for UK’s CBDC, analyzing policy issues, working with other stakeholders and government departments, and being responsive to ministerial committees. Several other responsibilities were listed for the role.
With a continuous change of leadership in the last year, the UK has faced a difficult time, on top of which its lawmakers also have mixed opinions on CBDCs. Many officials in the UK have advised against a digital currency, but lawmakers have gone ahead with policies regarding digital assets.