Bank of England Forms Digital Pound Advisory Group to Shape CBDC Design
Announced on the Bank's Website on Wednesday, the Bank of England (BoE) has established a digital pound advisory group named the CBDC Academic Advisory Group (AAG) and is actively seeking specialists to join this group as the nation enters the CBDC design phase.
The Bank of England has announced the establishment of the Academic Advisory Group (AAG), which will collaborate with His Majesty (HM) Treasury. The Bank of England and HM Treasury invite academics and researchers to indicate their willingness to participate in the group.
"Today, the Bank of England and HM Treasury have issued an open call for interest for academics and researchers wishing to join a newly created CBDC Academic Advisory Group (the AAG)."
According to the announcement, the AAG aims to assemble specialists from various fields connected to the Bank's efforts concerning the digital pound. The group will encompass monetary policy, finance, competition economics, industrial organization, behavioral science, law, innovation theory, marketing, and business.
This initiative aims to leverage academic expertise and foster interdisciplinary discussions concerning retail Central Bank Digital Currency (CBDC) and its relevance to the ongoing design phase.
"Through this group, we seek to generate expert academic input and promote interdisciplinary discussions on a range of topics related to retail CBDC," the BoE said on its website.
Recognizing the importance of well-informed and comprehensive approaches, the Bank's active engagement with academia is considered essential. The AAG will be a pivotal platform for exchanging knowledge and conducting collaborative research. Comprising experts from various disciplines, the group will offer diverse and nuanced insights into
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