The Bank of Canada is looking for an economist with an in-depth understanding of financial technology and digital currencies who may signal the latest in a series of moves toward a CBDC digital currency.
According to the bank’s official website, the economist’s job is to monitor and analyze the latest developments related to electronic money and payments, conduct research, take analytical notes and work on the “potential development of a CBDC”.
The bank has defined a number of requirements that the applicant must meet. This includes in-depth knowledge of Bitcoin, Ethereum and other important cryptocurrency platforms, as well as knowledge of traditional payment systems such as card networks, merchant acquirers and point of sales technologies.
The applicant must also have experience in handling and analyzing public blockchain data as well as analyzing data from consumer surveys.
October 25, 2020 is the deadline for receiving applications.
Canada’s Central Bank Deputy Governor Timothy Lane recently urged central banks around the world to issue their own digital currencies to highlight their importance to the economy in the face of the Covid-19 pandemic. Lane also said at the Central Bank Payments Conference that Canada’s CBDC development is proceeding “at a good pace”.
In laying the foundation stone for a CBDC, the bank joins the Bank of England, the US Federal Reserve and the Bank of Japan, among others, who have also begun conducting research on the viability of CBDCs.