Can a cryptocurrency boom in South Korea give a boost for a centralized digital currency?
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March 03, 2021
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Cryptocurrency is enjoying its second nationwide boom in South Korea since 2018. This March, users of the two largest cryptocurrency apps tripled to well over 2 million in just three months. Contrary to the last 2018 cryptocurrency fever in South Korea, which was led by Koreans in their 20s and 30s, a new survey this January reported that nearly half of users at the two largest cryptocurrency exchanges were in their 40s and 50s, representing an older generation. The wide age range of these crypto users indicates that society’s most technologically advanced – and enigmatic – medium of exchange is fast becoming mainstream.