South Korea Rejects Bitcoin Reserves, Explores Won-Backed Stablecoin
Bitcoin In Reserves? South Korea’s Central Bank Won’t Bite South Korea’s central bank, the Bank of Korea (BOK), has firmly rejected the inclusion of Bitcoin in its foreign exchange reserves, citing the cryptocurrency’s significant price swings and failure to meet International Monetary Fund (IMF) standards. However, local advocates and legislators are pushing forward with plans […]
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