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Cryptocurrency News

CBDC may threaten stablecoins, not Bitcoin: ARK36 exec

06/24/2022

Less than a minute

2022.06.24 17:52

Central bank digital currencies (CBDCs) do not pose any direct threat to cryptocurrencies like Bitcoin (BTC) but are still associated with risks in relation to stablecoins, one industry executive believes.

According to Mikkel Morch, executive director at the digital asset hedge fund ARK36, a state-backed digital currency like the U.S. dollar doesn’t necessarily have to be a competitor to a private or a decentralized cryptocurrency.

Source

06/24/2022

Less than a minute