Hey there, financial fans! So, the Bank of Korea (BOK) is all like, “Nah, we’re good” when it comes to adding Bitcoin to their reserve vault. You know, because BTC is like the mood ring of currencies – constantly changing and no one’s quite sure what it means.
According to The Korea Herald, the BOK is totally on trend with other global banks that are like, “Let’s not and say we did” about crypto in their portfolios. 🤷♀️
BTC: The Uninvited Guest at the Foreign Exchange Party
Mr. Cha Gyu-geun, a bigwig at the National Assembly’s Planning and Finance Committee, was all, “Hey, what about Bitcoin?” And the BOK was like, “Umm, have you seen its mood swings? Not happening.”
Turns out, BTC doesn’t even get a gold star from the International Monetary Fund (IMF). No credit rating, no usability, no liquidity – it’s like the kid who brings a kale salad to a pizza party. 🥗🍕
BREAKING:
South Korea’s central bank
rejects the idea of creating a
Strategic Bitcoin Reserve.— Ash Crypto (@Ashcryptoreal) March 17, 2025
So, Bitcoin’s like the hot sauce of investments – too spicy for the BOK’s taste buds. They’re into more… vanilla flavors, I guess.
Bitcoin Reserves: The New Black?
While the BOK is playing it cool, other countries are all about that crypto life. The US is like, “Bitcoin, you complete me,” and El Salvador’s like, “Bitcoin, will you go to prom with us?”
Locals here in South Korea are all, “Let’s shake things up!” and suggest maybe, just maybe, Bitcoin could be the new black in economic fashion.
Stablecoin: The Safe Bet?
Some clever cats propose a stablecoin backed by the won – you know, to keep South Korea from missing out on the digital asset block party. 🎉
But the BOK is sticking to its guns – they’re all about the tried-and-true assets. Bitcoin might be the cool kid, but it’s not getting an invite to the BOK’s exclusive asset club. Yet.
South Korea’s still crafting rules for crypto, though. Because even if they won’t date Bitcoin, they’re not against a little flirtation. 💅
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2025-03-17 23:29