TechFlow news, March 17 — According to the Korea Economic Television, the Bank of Korea stated it has "never examined" the possibility of including Bitcoin in its foreign exchange reserves and emphasized the need for caution on this matter. The central bank disclosed this position in response to a written inquiry from National Assembly member Cha Kyu-geun.
The Bank of Korea highlighted Bitcoin's high price volatility as a primary concern, noting that Bitcoin does not meet the International Monetary Fund (IMF) criteria for foreign exchange reserve assets. IMF standards require reserve assets to be liquid and marketable, denominated in convertible currencies, and typically possess investment-grade credit ratings or higher.
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