Bank of Korea: Costs Could Limit Cryptocurrency Use

Coindesk -------- South Korea's central bank has published a new working paper on cryptocurrencies. Drafted by researchers from the Bank of Korea and Seoul's Hongik University, the paper seeks to identify factors that could drive the use of a blockchain-based currency over a government-issued one. According to the authors, there is likely to be a symbiotic relationship between both economies should digital currencies become more widely used. Namely, when the cost of using one currency rises, the other is likely to fall, they speculate, thereby increasing the attractiveness of the other option. To learn more click on the picture below to read the article.