The Bank of Korea rejects Bitcoin as a foreign reserve due to price volatility and associated financial risks.
Experts suggest South Korea explore a won-based stablecoin to bridge traditional finance with digital assets.
The Bank of Korea (BOK) has not considered including Bitcoin (BTC) in its foreign exchange reserves. High price volatility and the possibility that this posture could upset the financial stability of the nation form the foundation of it.
Nonetheless, certain South Korean legislators and financial analysts have started advocating for discussions on the ginseng nation’s considering this move.
According to Korea Economic TV, the Bank of Korea (BOK) stated that it has never considered including Bitcoin in its foreign exchange reserves and believes a cautious approach is necessary. BOK pointed out that Bitcoin’s price is highly volatile, and in times of market…
— Wu Blockchain (@WuBlockchain) March 17, 2025
Foreign Reserves and the Bitcoin Dilemma for BOK
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