Latest News and Articles about Bank of Korea

South Korea Rejects Bitcoin Reserves, Echoing Global Central Bank Caution

22 March 2025 Daily Feed Bank of Korea, Bitcoin Reserves, Crypto Volatility, South Korea

South Korea Joins Global Choir in Rejecting Bitcoin Reserves Amid Crypto Enthusiasm On March 17, 2025, South Korea’s central bank, the Bank of Korea, announced its rejection of Bitcoin as a reserve asset, citing the cryptocurrency’s notorious volatility. Despite the country’s vibrant crypto scene, this decision aligns with global trends where other major central banks […]

South Korea Rejects Bitcoin Reserves, Explores Won-Backed Stablecoin

19 March 2025 Daily Feed Bank of Korea, Bitcoin, IMF, Stablecoin

Bitcoin In Reserves? South Korea’s Central Bank Won’t Bite South Korea’s central bank, the Bank of Korea (BOK), has firmly rejected the inclusion of Bitcoin in its foreign exchange reserves, citing the cryptocurrency’s significant price swings and failure to meet International Monetary Fund (IMF) standards. However, local advocates and legislators are pushing forward with plans […]