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Central banks advised to understand ‘sustainable’ concept of bitcoin

by CBDC Insider Staff
March 12, 2020
in Uncategorized
Reading Time: 1min read
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Central banks advised to understand ‘sustainable’ concept of bitcoin
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any banks need to have a clear understanding of the sustainable concept of bitcoin before issuing their own versions of digital currency, or they could end up being exposed to political risks, claims a Seoul-based bitcoin expert. “Currencies have historically become unsustainable because of political risks,” Bitcoin Center Korea CEO Ra Sae-yong said in an interview on Mar. 9. “For any central bank digital currency (CBDC) to be sustainable, it must be able to withstand [these] risks.”

Continue reading: http://www.koreatimes.co.kr/www/biz/2020/03/367_286040.html

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