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Bitcoin Not Suitable for Reserves, Says South Korea’s Central Bank
Mar 17, 2025
< 1 min read
by Peter Mwangi
for CoinEdition
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- Bank of Korea rejects Bitcoin for foreign exchange reserves due to volatility concerns.
- IMF guidelines highlight Bitcoin’s lack of liquidity and marketability for reserves.
- Countries like the Czech Republic and Brazil consider Bitcoin reserves, while others remain cautious.
South Korea’s central bank is taking a hard pass on Bitcoin. The Bank of Korea (BOK) says it has no intention of including Bitcoin in its foreign exchange reserves, citing volatility and potentially high transaction costs.
The central bank’s stance came in response to an inquiry from Rep. Cha Gyu-geun, a National Assembly Planning and Finance Committee member, regarding the possibility of adding Bitcoin to the country’s foreign exchange assets.
Why Won’t South Korea Hold Bitcoin?
In a statement released on March 16, the Bank of Korea explained that Bitcoin’s price…
The post Bitcoin Not Suitable for Reserves, Says South Korea’s Central Bank appeared first on Coin Edition.
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