South Korea’s central bank has ruled out adding bitcoin to its foreign exchange reserves, citing extreme price volatility and failure to meet liquidity and investment-grade standards. This stance follows U.S. President Donald Trump’s March 6 executive order promoting bitcoin stockpiling. The Bank of Korea, responding to a query from Rep. Cha Gyu-geun, emphasized that reserves […]
Source: https://news.bitcoin.com/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
