Federal Reserve of San Francisco hiring crypto architect for CBDC project

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The Federal Reserve Bank of San Francisco is seeking a crypto architect for its Central Bank Digital Currency (CBDC) project. make clear Jobs on Indeed. According to the role description, this employee will work on his CBDC research and development.

The full-time, hybrid position starts at $134,900 a year and requires candidates to have “knowledge of implementing distributed systems, cryptographic protocols such as hashing, public-private key pairs and signatures, consensus algorithms, and security.”

“Given the important role of the dollar, the FRS seeks to further understand the costs and benefits of CBDC and potential technologies in this emerging sector,” the post reads. according to When you visit the Federal Reserve hiring page, the position has been open for over 30 days.

“We are seeking a lead application developer to implement a sample system related to CBDC. You will work directly with management, other developers on the team, development operations teams, and vendors to ensure that the Federal Reserve is well positioned to design, develop, and implement technology to support CBDC as required by the Board.”

Screenshot: Job listings at the Federal Reserve Bank of San Francisco. Source: Sure.

A team of crypto developers has been forming at the San Francisco Fed since at least February, and the Fed has been looking for software engineers to help develop and implement systems related to the CBDC initiative.

This recruitment effort contradicts the Federal Reserve’s official position on the CBDC. On July 19, the central bank said on Twitter that it had not yet decided whether to issue a CBDC and that it “will only proceed with the issuance of a CBDC after establishing a licensing law.”

The potential for a digital version of the US dollar has sparked domestic controversy and is expected to become a key issue in the upcoming presidential election. While many opponents of CBDCs argue that CBDCs threaten citizens’ privacy and could lead to government control, supporters see CBDCs as a global application of blockchain technology.

At a recent event, presidential candidate and Florida governor Ron DeSantis vowed to ban CBDCs in the United States if elected president. “If I were president, I would do away with central bank digital currencies from day one. End. Death.