South Korea snubs Bitcoin reserve as North Korea hoards BTC through cyber crime
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South Korea's central bank has decided not to include Bitcoin (BTC) in its foreign exchange reserves, contrasting with North Korea's accumulation of BTC through cybercrime.
March 18, 2025 | 11:30 am
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South Korea's decision to exclude Bitcoin from its foreign exchange reserves may impact BTC's perception as a reserve asset, while North Korea's accumulation through cybercrime highlights security concerns.
South Korea's exclusion of Bitcoin from its reserves could negatively affect its status as a reserve asset, potentially leading to short-term price pressure. North Korea's accumulation through cybercrime adds a layer of security concern, which could further impact market sentiment.
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