Central bank digital currencies gained traction all over the world in 2020, as all the world's biggest economies considered producing their own digital money. But how will CBDCs affect Bitcoin (BTC) if every country comes out with its own? Dean Steinbeck, co-founder and chief operating officer of Horizen Labs, posited that Bitcoin’s core atmosphere would remain the same on the surface.
“There has recently been plenty of activity internationally with governments exploring the development of native virtual assets,” Steinbeck told Cointelegraph. Steinbeck also works as general counsel at Horizen. “A healthy, robust virtual assets ecosystem has the potential for broader financial inclusion, more efficient markets, and so forth,” he added.
Continue Reading on Coin Telegraph
