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Bank Of Korea Takes Cautious Stance On Bitcoin As Reserve

The Bank of Korea has stated that it is approaching the idea of including Bitcoin in its foreign exchange reserves with caution, citing concerns over the cryptocurrency’s extreme price volatility.

In a 16 March 2025 response to a written inquiry, central bank officials confirmed that they have neither discussed nor reviewed the possibility of adding Bitcoin to South Korea’s foreign reserves.

Their response came after Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee raised the issue. According to reports from The Korea Herald, the central bank stressed that a “cautious approach is needed.”

Bank Of Korea Takes Cautious Stance On Bitcoin As Reserve

The Bank of Korea has stated that it is approaching the idea of including Bitcoin in its foreign exchange reserves with caution, citing concerns over the cryptocurrency’s extreme price volatility.

In a 16 March 2025 response to a written inquiry, central bank officials confirmed that they have neither discussed nor reviewed the possibility of adding Bitcoin to South Korea’s foreign reserves.

Their response came after Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee raised the issue. According to reports from The Korea Herald, the central bank stressed that a “cautious approach is needed.”

https://99bitcoins.com/news/bank-of-korea-takes-cautious-stance-on-bitcoin-as-reserve/