Yonhap News TV

“There is no intrinsic value of virtual currency…digital currency test within the year”

Bank of Korea Governor Lee Ju-yeol said that cryptocurrency has no intrinsic value and will continue to be highly volatile in price.

Governor Lee responded to the question of the Democratic Party’s lawmaker Yang Hyang-ja at the meeting of the National Assembly’s Planning and Finance Committee today (23rd) on whether the rise in virtual currency is temporary.

Meanwhile, for the central bank digital currency, he added that “the design and technology review is almost finished,” and that we plan to test it in a virtual environment within this year.

Yonhap News TV article inquiries and reports: katok/line jebo23

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