Bank of Korea Adopts Cautious Stance on Bitcoin Reserves

Bank of Korea Adopts Cautious Stance on Bitcoin Reserves

Citing significant volatility and liquidity concerns, the Bank of Korea (BOK) has announced that it is approaching the addition of Bitcoin (BTC) to its foreign exchange reserves cautiously. Central bank officials stated in response to a question posed by Representative Cha Gyu-geun of the National Assembly that they had not examined or talked about the idea of keeping Bitcoin as part of South Korea's reserve assets. “Bitcoin’s p...

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