the Panca de Korea (Bok) explained its site regarding the inclusion of Bitcoin (BTC) in the national foreign exchange reserves. In response to a question posed by a member Comitato Per La Strategia E Le Finanze Dell’ASEMBLEA NAZIONEALEThe central bank has determined that He never thought about adopting BTC As part of the reserves.
South Korea excludes Bitcoin from the reserve plan due to high fluctuations
The main motivation behind this decision is the maximum Bitcoin fluctuation. The large price fluctuations you make Unpredictable transfer costsThis leads to high risk of the country’s reserves. According to BouquetIt can be born transporting cryptocurrency markets Unexpected treatment costsStabilizing the financial resources of South Korea is at risk.
Moreover, the Bank of Korea confirmed that Bitcoin does not meet the standards set by the International Monetary Fund (IMF) to manage foreign exchange reserves. the The International Monetary Fund emphasizes the importance of wise liquidity management, market risk and credit riskThe basic aspects of those who hold currency reserves. the The wrong nature of Bitcoin It makes it insufficient to meet these standards, which increases the concerns of the South Korean Central Bank.
Bitcoin and cryptocurrencies in South Korea
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Despite this position, South Korea Maintains a rapid expansion encryption system. Strain companies, symbols, exchange and local companies Getting billions of dollars in daily trading volume In the coded currency market in the country. The sector is a large part of the South Korea digital economy, with a High adoption of Blockchain technologies and An increasing number of investors from retail and institutions Active in the CRIPTOVALUTE sector.
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Bitcoin price is still under pressure
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At the time of the Korea Bank statement, Bitcoin Adapted from more than 83,400 dollars During the afternoon of the Asian market. However, cryptocurrency records a 1 % decrease in the past 24 hoursAgain confirming its fluctuations.
The exclusion of bitcoin from foreign exchange reserves in South Korea It reflects a cautious situation By the central bank, in line with international standards. However, the coded currency sector in the country is still flourishing, with increasing interest from both investors and local companies.
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