The Bank of England is looking for academic advisers as it continues to the design and experimentation phase of its central bank digital currency work. camomileshumba reports
The bank along with the Treasury – the government's finance arm, which has been helping with the country's CBDC work – wants academics and researchers to express their interest in joining the group. A CBDC is digital money issued by a central bank. The Academic Advisory Group is meant to bring together experts across finance, economics, business and more.
"Through this group, we seek to generate expert academic input and promote interdisciplinary discussions on a range of topics related to retail CBDC," the BoEIn February, the country launched a consultation on a digital pound which the government and BoE believe is likely needed. That initial consultation closed in June.
. The bank has also started asking stakeholders to respond to requests for information on use cases for offline payments and on what merchants will need from a digital pound design.
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