South Korea's central bank: Never considered adding Bitcoin to foreign exchange reserves

According to the Korean Economic TV Station, the Bank of Korea (BOK) responded to a question from a member of the National Assembly, stating that it has never considered including Bitcoin in its foreign exchange reserves and believes it should maintain a cautious stance on the matter. The BOK pointed out that Bitcoin prices are highly volatile, and if the market becomes unstable, Bitcoin may face the risk of a sharp increase in transaction costs during the liquidation process. Furthermore, Bitcoin does not meet the standards of the International Monetary Fund (IMF) regarding foreign exchange reserves. The Bank of Korea added that while countries like the Czech Republic and Brazil have taken a positive stance, the European Central Bank (ECB), the Swiss National Bank, and the Japanese government have taken a negative stance on Bitcoin as a foreign exchange reserve.