The Bank of Korea asserts a cautious stance regarding the potential inclusion of Bitcoin in its foreign exchange reserves, citing significant price volatility and a lack of liquidity. Officials stated, in response to inquiries from lawmaker Cha Gyu-geun, that no discussions or reviews have taken place concerning Bitcoin as a reserve asset. They emphasized that reserves need to be easily accessible and must maintain an investment-grade credit rating, a criterion Bitcoin does not currently fulfill. Amid global discourse on cryptocurrency integration into national financial strategies, particularly following the U.S. government's moves towards establishing a digital asset stockpile, South Korean lawmakers and crypto advocates are pushing for the inclusion of Bitcoin and the development of a won-backed stablecoin. However, the Bank of Korea's position highlights skepticism over Bitcoin's reliability as a reserve asset due to its erratic market behavior and associated transaction costs when liquidating Bitcoin during market instability.

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