South Korea's central bank rules out bitcoin reserve possibility: report
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The Bank of Korea has decided not to consider bitcoin as part of its reserves, citing the cryptocurrency's volatility and guidelines from the International Monetary Fund (IMF).
March 18, 2025 | 11:30 am
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The Bank of Korea has ruled out the possibility of including bitcoin in its reserves, citing volatility and IMF guidelines.
The decision by the Bank of Korea not to consider bitcoin as a reserve asset could negatively impact BTCUSD in the short term, as it reflects concerns about bitcoin's volatility and adherence to IMF guidelines.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80