{"id":112,"date":"2026-04-21T04:07:09","date_gmt":"2026-04-21T04:07:09","guid":{"rendered":"https:\/\/live.21lab.co\/dofi\/?p=112"},"modified":"2026-04-22T02:14:30","modified_gmt":"2026-04-22T02:14:30","slug":"bank-begins-building-britcoin-team","status":"publish","type":"post","link":"https:\/\/live.21lab.co\/dofi\/bank-begins-building-britcoin-team\/","title":{"rendered":"Bank begins building Britcoin team"},"content":{"rendered":"\n<p>The Bank of England has begun hiring workers to develop its digital currency, according to\u00a0<strong>PYMNTS<\/strong>. The publication noted that the Bank wants to create a team of up to 30 people to oversee its central bank digital currency, as originally reported by The Times.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h3 class=\"wp-block-heading\">A team of 30 seems like quite a significant resource to focus on the digital pound. It shows the impact it would have, and that the bank are serious about it.<\/h3>\n<cite>Ian Taylor, an adviser to CryptoUK, told The Times<\/cite><\/blockquote>\n\n\n\n<p>The career section on the BofE website lists openings for a \u2018digital pound solutions architect\u2019 as well as a \u2018digital pound security architect\u2019 which were added in March.<\/p>\n\n\n\n<p>The career section on the BOE website lists openings for a \u201cdigital pound solutions architect\u201d and \u201cdigital pound security architect,\u201d both added in the last week of March.<\/p>\n\n\n\n<p>The currency, which is also being referred to as the \u2018digital sterling\u2019 or \u2018digital pound\u2019 \u2014 and nicknamed \u2018Britcoin\u2019 \u2014 would be issued by the BOE and backed by the government.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<h3 class=\"wp-block-heading\">At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified.<\/h3>\n<cite>The two entities said in their consultation paper<\/cite><\/blockquote>\n\n\n\n<p>Back in April 2021, then Chancellor Rishi Sunak originally told the Bank of England to look at the case&nbsp;<a href=\"#\">for a potential Britcoin<\/a>&nbsp;or central-bank-backed digital currency.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bank of England has begun hiring workers to develop its digital currency, according to\u00a0PYMNTS. The publication noted that the Bank wants to create a team of up to 30 people to oversee its central bank digital currency, as originally reported by The Times. A team of 30 seems like quite a significant resource to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":152,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[14],"tags":[15,16],"class_list":["post-112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-fintech","tag-innovation"],"acf":[],"_links":{"self":[{"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/posts\/112","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/comments?post=112"}],"version-history":[{"count":0,"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/posts\/112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/media\/152"}],"wp:attachment":[{"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/media?parent=112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/categories?post=112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/live.21lab.co\/dofi\/wp-json\/wp\/v2\/tags?post=112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}