Why did South Korea reject the Bitcoin reserve?

17. Marta 2025. The Korea Bank has created the first comment on the possibility of adding bitcoin in reserves. According to the statement, the Central Bank of the Republic of Korea is not interested in acquiring Bitcoin and has never been.

Why isn’t South Korea interested in Bitcoin Reserve?

Earlier, in March, the Democratic Party of South Korea called to request a Korea bank to explore the potential of the addition of Bitcoin in his reserves after the US government.

The Bank of Korea’s response was negative. The main reason due to the lack of interest in adding bitcoin in reserves is great instability. Toward statement From the representative of the Central Bank, the BTC price path is reminiscent of the Roller Coaster. As there is potential for price drop, Bitcoin cannot guarantee that it will provide the expected value in the Korean victory at any time. The reserve tool should be available and usable by the request, denominated in currency with high credit rating. Bitcoin does not meet the criteria for reserve funds.

On top of this explanation, Bank Korea cited the reluctance of other countries to adopt Bitcoin as a national reserve fund. According to the bank, although Brazil and Czech Republic had a positive experience of the addition of Bitcoin in their reserves, the European Central Bank, Switzerland, Japan, and others gave a negative assessment of the idea of ​​using Bitcoin as a spare fund.

It shows that despite many talks about global cropto, many countries take a conservative view on Bitcoin and do not seem to be competing with American and other people for Maintenance Bitcoin. The leaders of these countries are not afraid to disappear on something connected to Bitcoin.

Crypto in southern Korea

South Korea is one of the world’s largest economies and crypto-hairstyles. Cripto exchanges are legal and regulated there. Cryptocurrencies are not considered money. Capital gains related to the cry are exempt from taxation.

In the context of political insecurity and high unemployment rates, young people in South Korea rely on crossing as an alternative source of financial independence.

More than that, long-term public knowledge of micropas (for example, in social media and games), he created a positive environment for emptying crypto. Toward 2021 PollAlmost 50% Korean in the 30s are crypto investors.

In addition, South Korea is home to several vibratory crypto platforms, including upbit, Bithumb and HTKS.

Therefore, it is clear that Bitcoin’s refusal as a reserve is not a continuation of cryptophobic policies, but an approach to general correctional administration is already cautious.

Why do other countries reject the idea of ​​Bitcoin Reserve?

The Governor of the Czech National Bank introduced a proposal to spend billions at Bitcoin to diversify reserves. After that, the president of the European Central Bank of Christine Lagard said that Bitcoin was unfit for the ECB reserve, because it lacks sufficient security and liquidity.

Japan rejected Bitcoin because it does not comply with the National Reserve Strategy. Collecting prices and incompatibility with existing financial frameworks is listed as reasons. The Switzerland Central Bank has stated similar reasons for rejection of Bitcoin. The President of the National Bank of Switzerland (SNB) Martin Schlegel called the CRIPTO “Nichno phenomenon” and said that the high instability and block of low liquidity was Bitcoin to become reserve funds.

CRIPTO BULLS lists other reasons for refusing reserves Bitcoin in these countries. They propose that officials in these countries simply do not understand what Bitcoin is and why its involvement in the national cash register can potentially change.

The Australian Bank Bank Governor Michele Bullock is the perfect example of such a clerk. In November 2024, she claimed If she didn’t understand Bitcoin, but she didn’t see a role for that in the Australian economy or pay system.

Other Proponents Bitcoin suggest that countries like South Korean choose the wrong time for Dodge Bitcoin. One of them wrote via X that “betting at Bitcoin in 2025. year as if it were short Internet 2000. Years”

It is interesting that the expected creation of American strategic reserves Bitcoin did not light the cropto market, nor did it set an immediate chain reaction in the world. Speaks Michaela Sailora An explanation of how important for any leading country is to hold Bitcoin sound convincingly and great, but many Conservative officials of the Central Bank are not buying them because they have strict reserve property criteria, and Bitcoin does not harmonize with it. They do not take into account the unique characteristics of bitcoin.

Such an attitude shows the US government and other nations leaning BitCoin as risk recipients. Time will show which approach is justified.