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The U.K. government’s economic and finance ministry, His Majesty’s Treasury, is recruiting for a head of central bank digital currency (CBDC) to lead the development of a digital pound. The work is described as “important, complex, and cross-cutting” and will “require extensive engagement across and beyond the HM Treasury.”

According to the LinkedIn post, the Treasury and the Bank of England are working together through the CBDC Taskforce to explore the case for a digital pound. The role of the head of CBDC may bring the United Kingdom’s government closer to its aim of rolling out a CBDC.

HM Treasury’s job posting for a CBDC head. Source: LinkedIn

Danny Scott, CEO of U.K.-based Bitcoin (BTC) company CoinCorner, told Cointelegraph that a CBDC could be missing the “actual real-world use and purpose, which is what we often see.”

“For those that have been in the industry for a cycle or two, we’ve seen the

Keep reading this article on Cointelegraph.com.

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