Korea Bank stated that it is close to the idea of ​​including Bitcoin in foreign exchange reserves cautiouslyQuoting concerns about extreme price fluctuations in the encrypted currency.
In 16 March 2025 In response to a written investigation, Central Bank officials confirmed that they had not discussed and did not review the possibility of adding bitcoin to the foreign reserves of South Korea.
Their response came after the actor Chio Ton from the Planning and Finance Committee at the National Assembly of the case. according to Reports from Korea HeraldThe Central Bank stressed that a “cautious approach” is needed.
Explore: 10 high -revenue metal coins: Curvement expectations 2025
Bitcoin fluctuations raises fears
Korea Bank pointed to the unpredictable price fluctuations in Bitcoin as a major they. Note officials In the market instability times, The costs of transactions to bitcoin can increase sharply, making it a risky feature of foreign reserves.
Over the past thirty days, the Bitcoin price has turned between $ 98,000 and $ 76,000 before stabilizing about 83,000 dollars – a 15 % decrease since then February 16According to Coingecko.
The discussion surrounding Bitcoin has gained as a bachelor of momentum worldwide, especially after US President Donald Trump’s recent order to establish a strategic reserve for bitcoin and digital asset store.
In an episode March 6The pressure groups in the encryption industry and some members of the Democratic Party in Korea urged the government to consider combining bitcoin into its national reserves and the development of supported Stablecoin.
However, Korea Bank is still firm according to the standards of its reserve assets, focusing on the fact that foreign currency holdings must be liquid, and can be easily accessible, and it has an investment credit rating-it is believed that bitcoin does not meet it.
new:
North Korea joins the strategic bitcoin reserve race.
– BTC Contract: 13,562 pic.twitter.com/ybru2WPFU4
Fiatarchive Archive March 17, 2025
Professor Yang John-Siuk from Catholic Korea University agreed to the central bank’s position, saying this Foreign reserves must be customized Based on the currency of the main commercial partners.
Meanwhile, Professor Kang Tae Soo of the Kist Finance College suggested that the United States is likely to benefit from Stablecoins R.Raised From Bitcoin to maintain the domination of the dollar.
He added that the recognition of the International Monetary Fund (IMF) to Stablecoins, as official reserves can significantly affect future monetary policies.
Explore: The best new encryption currencies for investment in 2025
South Korea emphasizes a new organization of institutional encryption investments by Q3
Last week, South Korea Financial Services Committee (FSC) Plans announced To issue comprehensive guidelines to invest in institutional coded currency by the third quarter of 2025.
FSC revealed a road map during a meeting with local encryption experts on Wednesday, March 12 2025.
Recently, the country also It revealed that the coding rules may change as the government plans to lift the coding trading ban, which paves the way for the head of the Korean capital.
In 13 February 2025, the country announced that it is so Lifting the coding trade for a long time. It has now made the decision possible for non -profit institutions and organizations and other companies ’entities to participate in the country’s encryption transactions.
Explore: 10 best AI’s Cracks for Investment in 2025
Main meals
- Korea is still cautious against adding bitcoin to its foreign reserves Because of its high fluctuations.
- Officials emphasize that reserves must be liquid, accessible, investment standards, do not meet Bitcoin.
- Meanwhile, South Korea is heading towards adopting institutional encryption by lifting the corporate trade ban.
Post Bank of Korea takes a cautious position on Bitcoin, as the reserve first appeared on 99bitcoins.