South Korea’s Central Bank, the Bank of Korea (BOK), conducted a careful stance with Bitcoin in foreign exchange reserves, each Korea -day -to -day report.
In response to a question conducted by a member of the National Assembly Committee and Finance, Bok on Sunday made it clear that it did not comfort the BTC’s embracing.
The main barrier for Bok is the well -known -known ignorance of the Bitcoin price, where the central bank is afraid that wildly -swinging in the crypto market may significantly collapse of transaction costs when converting bitcoin to cash, bringing a significant risk to its reserves.
Bok further stated that Bitcoin failed to meet the International Fund (IMF) foreign exchange reserve standards. The IMF emphasizes the importance of careful managing liquidity, market, and credit risks – the standard that bitcoin, with improper nature, is not satisfied.
South Korea is satisfied with a developed crypto ecosystem, with local startups, tokens, exchanges and companies that contribute billions of dollars to the day -to -day trading volume within the relatively insular crypto market.
BTC traces more than $ 83,400 in the afternoon hours in Asia, down 1% in the past 24 hours.
