Cryptocurrencies

Wanted: Economist for Digital Currencies, Fintech as Bank of Canada Studies a Possible CBDC

The Bank of Canada is seeking an economist, digital currencies and financial technologies, as the Canadian central bank continues to research how a central bank digital currency (CBDC) would work and the possible risks involved.

  • According to the posting, the economist will: “monitor and analyze developments in electronic money and payments, including CBDCs, cryptocurrencies, stablecoins, crypto exchanges and others.”
  • The advertisement lists as qualifications “nice to have”: a knowledge of bitcoin, ethereum and other major cryptocurrency platforms as well as traditional payments systems like card networks, merchant acquirers, point of sale technologies.
  • The posting comes as the Bank of Canada has both expressed caution regarding the risks of a CBDC and also how the pandemic has accelerated the need for speed at which the central bank must research how a CBDC would work.

Read also: Federal Reserve, 6 Other Central Banks Set Out Core Digital Currency

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