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24 February 2021

Bank of Korea chief says crypto has no intrinsic value, expects volatility

Bank of Korea chief says crypto has no intrinsic value, expects volatility


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Amid a major downward correction in the cryptocurrency market, the head of South Korea’s central bank is skeptical about digital currencies like Bitcoin (BTC).

Bank of Korea Governor Lee Ju-yeol said that crypto assets like Bitcoin have no intrinsic value, local news agency Yonhap reports Tuesday.

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cointelegraph.com
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