South Korea’s central financial institution has dominated out including bitcoin to its overseas trade reserves, citing excessive value volatility and failure to satisfy liquidity and investment-grade requirements. This stance follows U.S. President Donald Trump’s March 6 government order selling bitcoin stockpiling. The Financial institution of Korea, responding to a question from Rep. Cha Gyu-geun, emphasised that reserves […]
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Bank of Korea Rejects Bitcoin for Reserves, Citing High Volatility and Liquidity Concerns
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