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Bank Of Korea Takes Cautious Stance On Bitcoin As Reserve

  • The Bank of Korea is taking a cautious stance on including Bitcoin in its foreign exchange reserves.
  • Bank officials have not discussed or reviewed the possibility of adding Bitcoin to South Korea's foreign reserves.
  • The Bank of Korea cited concerns over Bitcoin's extreme price volatility and transaction costs as major considerations.
  • South Korea is moving towards institutional crypto adoption by lifting its corporate trading ban.

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