The U.S. Federal Reserve (Fed) has posted a job advertisement that seeks to hire a role related to stablecoins and central bank digital currencies (CBDC). The Fed is looking for a research manager to join its team to assess the â€œbenefits and risksâ€ of digital assets.
The Role Is Part of the Fedâ€™s Digital Innovation Policy
Per the Linkedin job posting, the Federal Reserve Board expects the selected candidate to manage the â€œDigital Innovation Policy Program.â€ The department oversees â€œall aspects of a program focused on emerging issues at the intersection of technology and payments.â€
The Fed highlights in the post, the â€œchanging natureâ€ of payment platforms in a digital environment. However, the role is not limited to doing in-depth research on how digital assets could benefit the economy.
In fact, the U.S. Federal Reserve is aiming with the research manager of the Digital Innovation Policy Program to address â€œregulatory framework for emerging payments platformsâ€ issues.
The job advertisement also adds:
As of press time, there are 28 applicants interested via the Linkedin job posting.
Latest Developments on Stablecoins and CBDCs in the United States
The Fed has been recently treading waters on CBDCs through Jerome Powellâ€™s speeches, the Federal Reserve chairman. During an online event at Princeton University in New Jersey earlier in January, Powell expressed that the American central bank is in no rush to be the first to work in a CBDC.
Moreover, the Fedâ€™s chairman stressed that it could â€œtake yearsâ€ before the U.S. Federal Reserve releases a central bank digital currency.
In December 2020, three U.S. lawmakers introduced a bill that will force private stablecoin issuers to obtain a banking charter (or license) and get approval from the Fed before they can issue a stablecoin.
What do you think about this Fedâ€™s job posting? Let us know in the comments section below.
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