UK Bitcoin community reacts to incoming CBDC and digital pound rollout

UK Bitcoin community reacts to incoming CBDC and digital pound rollout

UK Bitcoin community reacts to incoming CBDC and digital pound rollout By Cointelegraph

Breaking News


Cryptocurrency 17 minutes ago (Jan 25, 2023 10:00AM ET)

(C) Reuters.

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: LinkedInPaying for coffee in El Salvador using Bitcoin. Source: CointelegraphCointelegraph reporter Joe Hall races contactless payments, Bitcoin vs. pounds sterling in Gibraltar. Source: Cointelegraph

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UK Bitcoin community reacts to incoming CBDC and digital pound rollout

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