
Bitcoin.com News|Mar 19, 2025 11:32
🇰🇷 The South Korean central bank has stated it has no plans to add bitcoin (BTC) to its foreign exchange reserves, citing the volatility of cryptocurrencies and their unsuitability as reserve assets. 💱📉
This marks the first time the Bank of Korea has addressed whether it might follow the U.S., where the Trump administration proposed a BTC reserve funded by seized crypto.
The bank also noted that BTC does not meet IMF standards for foreign exchange reserves. While countries like Brazil 🇧🇷 and the Czech Republic 🇨🇿 have explored the idea, institutions like the ECB and Swiss National Bank remain opposed.
What are your thoughts on the role of cryptocurrencies in national reserves?
Share To
Timeline
HotFlash
APP
X
Telegram
CopyLink