November 30, 2020

The US Federal Reserve is looking for a specialist in the study of digital currencies

The US Federal Reserve is looking for an employee to research ways to integrate digital currencies, stablecoins and distributed registry technology into the work of the Central Bank of the country.

According to the vacancy, in addition to the mainduties, the specialist will monitor the area of ​​traditional payments. Earlier, representatives of the Central Bank have already hinted at the Fed's interest in understanding and even issuing its own digital currency. Apparently, the search for a specialist to work in this area will be the first real investment in human resources made by the Fed to integrate technology into existing systems.

In the vacancy posted on the Fed website,it is said that the specialist will work at the Central Bank’s branch in Washington and manage the Fed’s Retail Payments Section, oversee automated cash settlement services, promote research in the area of ​​innovation in retail payments, and address policy issues and regulation of retail payment systems.

In addition to work related to traditionalWith payments, the employee will perform functions such as “assistance in research in the field of innovation, including digital currencies, stablecoins, distributed ledger technologies, as well as financial and digital innovations in retail payments.”

In addition to digital currency researchthe employee will contribute to the policies and regulations related to retail payments and present the views of the Board of Governors in other parts of the Council, reserve banks and government agencies. A successful candidate will be able to claim a salary of $ 250,700 per year.

Last month, two congressmen turned toChairman of the US Federal Reserve with a request to consider creating a digital version of the national currency. Former Chairman of the Commodity Futures Trading Commission (CFTC) Christopher Giancarlo also believes that the US government should start developing its own digital dollar, independent of central banks.

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