Launch of CBDCs will Lower Bitcoin Demand, Says Bank of Korea Governor

By Aisshwarya Tiwari

South Korea Central Bank Report States CBDCs Could Reduce the Role of Commercial Banks

South Korea Central Bank Report States CBDCs Could Reduce the Role of Commercial BanksThe Korean Central Bank Governor believes the rise of CBDC will reduce demand for bitcoin (BTC) and other cryptocurrencies. CBDCs Could Hamper Bitcoin Demand In a rather interesting remark, Lee Ju-yeol, the Governor of the Bank of Korea recently state that the demand for bitcoin and other similar cryptocurrencies could dwindle once sovereign CBDCs are

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