According to the manager of Korea Lee Ji Elya, when central banks will release their own digital currencies, the need for cryptocurrencies, such as Bitcoin, will almost disappear.
Speaking at the event dedicated to the CBDC, he also said that as a means of payment and conservation, cryptoacivals have very limited possibilities due to their high volatility.
However, Next, JU ELY added that the concept of the digital currency of the central bank still requires a detailed study, and before entering a new type of money, you will need to check the technical requirements.
These words sounded at the time when Korea Bank is actively prepared for pilot launch
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