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UK Bitcoin community reacts to incoming CBDC and digital pound rollout

Cryptocurrency Jan 25, 2023 10:00AM ET
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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: LinkedIn
Paying for coffee in El Salvador using Bitcoin. Source: Cointelegraph
Cointelegraph 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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Comments (2)
True Stamp
True Stamp Jan 25, 2023 5:27PM ET
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Devil's work!
Mathias Willems
Mathias Willems Jan 25, 2023 4:33PM ET
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i still dont see the benefits for consumers of digital money, on the government side they from then on could track everything off course, i dont want that.
 
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