Coin-Turk 18 minutes ago
23
The Bank of Korea (BOK) announced that it will not hold Bitcoin (BTC ($83,259.48)) 
$83,577 as a foreign reserve asset. The central bank of the world’s 11th largest economy cited the high volatility of Bitcoin as a reason for its exclusion from foreign exchange reserves. This decision was revealed in response to a written inquiry from a member of the National Assembly’s Strategy and Finance Committee.
Why BOK Does Not View Bitcoin as a Reserve Asset
According to the Korea Economic Daily, BOK believes that Bitcoin poses significant risks to financial stability. It has pointed out that high price fluctuations in the cryptocurrency market could lead to substantial cost increases during the selling process. This scenario would complicate the central bank’s liquidity management.
License.Read Entire Article
Screenshot generated in real time with SneakPeek Suite
BitRss World Crypto News | Market BitRss | Short Urls
Design By New Web | ScriptNet
