The successful candidate will foster the central bank's efforts in the creation of its CBDC.
Canada's central bank is planning to employ an expert economist with in-depth crypto and fintech experience to further its course in developing a Canadian CBDC. The applicant's primary responsibility will be to follow and observe new fintech developments, execute research projects, analyze and look at the possibilities of developing a CBDC.
Credit: CityNews Toronto
Major Updates:
- The bank has explained the terms that must be met by the applicants.
- Some of the requirements include experience and vast knowledge of crypto, especially BTC and ETH, and some traditional payment systems experience.
- The applicant must also be able to analyze blockchain and consumer survey data.
- An executive of Canada's central bank, Timothy lane, urged central banks to develop their crypto-asset in their respective countries.
- He stated the advantage of having a CBDC considering the current pandemic.
- Lane also explained the current state of Canada's CBDC.
Canada bank joins other central banks, including the bank of England and the United States FED, to develop a CBDC.
*What's your thought about the development of Canadian CBDC? Share your thoughts in the comments. *
Source: Cointelegraph.
