Bank of Korea Excludes Bitcoin from Foreign Reserves
- The Bank of Korea will not include Bitcoin in its foreign exchange reserves.
- Bitcoin’s price volatility is a major concern for the Korean central bank.
- Bitcoin does not meet IMF foreign reserve requirements due to low liquidity and market value.
- The US government is creating a strategic Bitcoin reserve with forfeited assets.
- The US reserve aims to maximize value without selling Bitcoin, estimated at around 200,000 BTC.
The Bank of Korea cites Bitcoin’s volatility and failure to meet IMF standards as reasons for exclusion from its reserves, while the US government is establishing a strategic reserve using forfeited Bitcoins.
Source (2.6)https://dailyhodl.com/2025/03/18/bank-of-korea-rejects-bitcoin-as-foreign-reserve-asset-citing-instability-and-other-factors-report/?rand=59076
