This fall, the Financial Conduct Authority and the Bank of England are set to introduce the first group of projects to the Digital Securities Sandbox.
They announced a new job on LinkedIn: “Head of Central Bank Digital Currency.” "The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a U.K. central bank digital currency (CBDC)," reads the post. The Bank of England (BoE) had previously stated that the FTX collapse proved the need for a digital pound.
The Bank of England, together with the UK's Treasury, is actively deliberating the risks and advantages of introducing a Central Bank Digital Currency, dubbed Britcoin. Their focus is on its potential economic impact and benefits for UK citizens.
