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One of the reasons for the rush of money in virtual currency is the expectation that it can replace the existing currency.

Meanwhile, central banks in various countries around the world are preparing to introduce digital currency that legally guarantees the value of cryptocurrency while taking advantage of its advantages.



This is how this will affect the cryptocurrency market, followed by Lee Seong-hoon.



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A side dish store in Suzhou, Jiangsu Province, China during the Lunar New Year holidays.



[It is 128 yuan.

(Can you pay with digital currency?)

It is done.]



Instead of bills, you pay with digital yuan stored on your smartphone.



It used the so-called CBDC, a central bank digital currency that China is testing.



Until now, cryptocurrency has not been recognized as an alternative to currency due to its great volatility.



However, as companies such as Tesla and PayPal, and financial companies such as Morgan Stanley and others have announced that they will invest in bitcoin or use it as a means of trading, expectations that it will replace currency in real life have increased, and the current value is encouraging a surge.



It is a big variable that 86% of central banks in 66 countries, including Korea, are considering whether to introduce digital currency.



It is observed that if the digital currency guaranteed by the central bank replaces the high-risk cryptocurrency, bitcoin and the like can be neutralized.



[Lee Seung-ho/Director of International Finance Research Center, Capital Market Research Institute: If CBDC (Central Bank Digital Currency) becomes common, some of the current virtual currency will still function as an object of speculative demand, but it will lose its power to replace currency.]



However, some analysts say that cryptocurrency is used as a means of storing value instead of money and will continue to coexist.



[Sung-Jun Park/Director of Blockchain Research Center, Dongguk University: Bitcoin is similar to forbidden if we compare it among the asset products we currently think of.

(The two currencies) are not a competitive relationship, but as a complementary relationship.]



Experts warn that it is dangerous to target cryptocurrencies as they are making regulatory moves on cryptocurrencies.



(Video coverage: Cho Chun-dong, Video editing: Lee Seung-yeol)