Bank of England Targets 30-Strong Team for Digital Currency: Report

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Among the positions available are digital pound security architect and digital pound solutions architect.

By Sheldon Reback

Apr 9, 2023 at 12:34 p.m. UTC

Updated Apr 10, 2023 at 4:23 p.m. UTC

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The Bank of England is reportedly hiring 30 people to develop a national digital currency. (Camomile Shumba/CoinDesk)

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The Bank of England is looking to hire a staff of as many as 30 people to develop a central bank digital currency, the Sunday Times reported , without saying where it got the figure.

In February, the U.K.'s central bank and finance ministry said they were starting further research and development on a digital version of the pound sterling, and invited the public to weigh in on the plans. While the project has been dubbed "Britcoin" in the press, the bank is less keen on the moniker, saying no decision has been made on whether a digital pound would use distributed ledger technology.

The bank's website careers page lists positions for a digital pound security architect and digital pound solutions architect, both added toward the end of last month. Both pay as much as 80,000 British pounds ($99,000) in salary. The Treasury advertised for a head of central bank digital currency in January.

"A team of 30 seems like quite a significant resource to focus on the digital pound," said Ian Taylor, a board adviser for trade association CryptoUK , according to the newspaper. "It shows the impact it would have, and that the bank are serious about it."

Edited by James Rubin.

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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

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Sheldon Reback

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

Follow @ sheldonreback on Twitter

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Policy. Among the positions available are digital pound security architect and digital pound solutions architect. By Sheldon Reback. Apr 9, 2023 at 12:34 p.m. UTC. Updated Apr 10, 2023 at 4:23 p.m. UTC. Facebook icon. Linkedin icon. Twitter icon. The Bank of England is reportedly hiring 30 people to develop a national digital currency. (Camomile Shumba/CoinDesk) Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Secure Your Seat. Facebook icon. Linkedin icon. Twitter icon. Sheldon Reback. Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether. Follow @ sheldonreback on Twitter. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Secure Your Seat. The Bank of England is looking to hire a staff of as many as 30 people to develop a central bank digital currency, the Sunday Times reported , without saying where it got the figure. In February, the U.K.'s central bank and finance ministry said they were starting further research and development on a digital version of the pound sterling, and invited the public to weigh in on the plans. While the project has been dubbed "Britcoin" in the press, the bank is less keen on the moniker, saying no decision has been made on whether a digital pound would use distributed ledger technology. The bank's website careers page lists positions for a digital pound security architect and digital pound solutions architect, both added toward the end of last month. Both pay as much as 80,000 British pounds ($99,000) in salary. The Treasury advertised for a head of central bank digital currency in January. "A team of 30 seems like quite a significant resource to focus on the digital pound," said Ian Taylor, a board adviser for trade association CryptoUK , according to the newspaper. "It shows the impact it would have, and that the bank are serious about it." Edited by James Rubin. DISCLOSURE. Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated . The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups . As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG . Sheldon Reback. Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether. Follow @ sheldonreback on Twitter. Learn more about Consensus 2023 , CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now. Sheldon Reback. Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether. Follow @ sheldonreback on Twitter. Read more about. Bank of England. BOE. CBDCs. Policy. Hiring.