Bitcoin Rallied over the Weekend and UK Treasury is in Search for a CBDC Head – Blockchain News, Opinion, TV and Jobs

Marcus Sotiriou, Market Analyst at Listed Digital Asset Broker global block (TSXV: Block).

Bitcoin continued its rally over the weekend, reaching close to $24,000. However, it has regained all of its weekend gains this morning and is currently at around $23,200, which is in line with the short-term range highs Bitcoin experienced over the weekend. How Bitcoin reacts at this level could be important in determining Bitcoin’s next move.

The UK has shown more urgency to launch a CBDC. UK Treasury posted a job title on LinkedIn titled “Head of Central Bank Digital Currencies”.of bank of england Work with the Ministry of Finance team on building the digital pound. This role mentioned is separate from the current heads of crypto and digital currencies, but exists in already established payments and fintech teams.

The post said, “Successful candidates will be responsible for leadership of HM Treasury’s work on the digital pound, which could be the Bank of England’s digital currency (CBDCs)”. This follows Bank of England Deputy Governor John Cunliffe’s announcement in November that the need for a digital pound was proven with the collapse of FTX.

An influx of CBDC could start in the next decade. In fact, a recent Official Monetary and Financial Institutions Forum (OMFIF) survey said two-thirds of central banks will issue their CBDC within ten years.

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