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The Bank of Korea has ruled out the inclusion of Bitcoin in its foreign exchange reserves, citing concerns over the crypto's price volatility.
In response to a March 16 inquiry from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, the central bank pointed out the risks of Bitcoin’s price fluctuations, which can make it an unreliable asset for reserves.
It marks the first time the central bank has clarified its position on the potential use of the crypto for...
