Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns

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The Central Bank in South Korea has ruled out the addition of bitcoin to foreign exchange reserves, citing the volatility of the severe prices and not meeting liquidity and investment standards. This position follows the executive order of US President Donald Trump on March 6 promotes bitcoin storage. The Bank of Korea, which responds to a query from Representative Cha Jyun, stressed that the reserves […]

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