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Bank of Korea to take ‘cautious approach’ to Bitcoin reserve

The Bank of Korea stated it is not considering Bitcoin for foreign exchange reserves. Officials highlighted its high price volatility as a primary concern, with Bitcoin fluctuating between 76,000 and 98,000 USD recently.

Experts suggest aligning South Korea’s reserves more closely with its trading partners’ currencies rather than including volatile assets like Bitcoin. The focus remains on maintaining liquidity and credit standards for reserves.

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