Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

Is Bitcoin now a $57B volatility trade

October 7, 2025

Bitcoin Open Interest in Focus as Bulls Battle for $124,000

October 7, 2025

SBR And Bitcoin Act Are Closer Than You Think

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

South Korea Dismisses Establishing Strategic Bitcoin Reserve

March 17, 2025Updated:March 17, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
South Korea Dismisses Establishing Strategic Bitcoin Reserve
Share
Facebook Twitter LinkedIn Pinterest Email
ad


The Financial institution of Korea (BOK) has dismissed the potential for establishing a strategic bitcoin reserve, citing issues over value volatility and dangers. This comes regardless of ongoing world discussions about utilizing bitcoin as a part of overseas alternate reserves following the US plans to create a reserve.

In response to an inquiry from a member of the Nationwide Meeting’s Technique and Finance Committee, the central financial institution rejected including bitcoin to its reserves. BOK officers emphasised bitcoin’s wild value swings as a key deterrent, stating that transaction prices to transform bitcoin to money “may rise drastically” if the market experiences instability.

As of March seventeenth, bitcoin trades round $83,500, having fallen 23% from its peak of $108,000 in January. The BOK warned that this excessive volatility poses important dangers to its reserves.

The financial institution additionally indicated that bitcoin fails to satisfy the Worldwide Financial Fund’s (IMF) standards for reserve belongings. The IMF requires prudent administration of liquidity, market, and credit score dangers for reserves – requirements bitcoin doesn’t at the moment fulfill within the eyes of the BOK.

This newest stance marks the primary time the South Korean central financial institution has immediately addressed the potential for utilizing bitcoin as a reserve asset. It emphasised a “cautious strategy” relating to bitcoin.

The dismissal of a strategic bitcoin reserve comes regardless of rising consideration on crypto’s potential function in reserves globally. Earlier in March, U.S. President Donald Trump signed an government order to determine a strategic bitcoin reserve. This fueled discussions in South Korea and different Asian nations about following swimsuit.



Source link

ad
Bitcoin dismisses establishing Korea reserve South strategic
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

Is Bitcoin now a $57B volatility trade

October 7, 2025

Bitcoin Open Interest in Focus as Bulls Battle for $124,000

October 7, 2025

SBR And Bitcoin Act Are Closer Than You Think

October 7, 2025

Zcash price crashes 18% after vertical rally – is more downside ahead?

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
Is Bitcoin now a $57B volatility trade
October 7, 2025
Bitcoin Open Interest in Focus as Bulls Battle for $124,000
October 7, 2025
SBR And Bitcoin Act Are Closer Than You Think
October 7, 2025
Zcash price crashes 18% after vertical rally – is more downside ahead?
October 7, 2025
Bitcoin Rally is Fun, but Don’t Overlook RWAs: Crypto Daybook Americas
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.