bitcoin
Bitcoin (BTC) $ 82,523.11
ethereum
Ethereum (ETH) $ 1,891.28
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.26
bnb
BNB (BNB) $ 631.05
solana
Solana (SOL) $ 123.24
usd-coin
USDC (USDC) $ 1.00
cardano
Cardano (ADA) $ 0.701291
dogecoin
Dogecoin (DOGE) $ 0.16646
tron
TRON (TRX) $ 0.22473
staked-ether
Lido Staked Ether (STETH) $ 1,890.27
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,429.09
leo-token
LEO Token (LEO) $ 9.75
the-open-network
Toncoin (TON) $ 3.55
chainlink
Chainlink (LINK) $ 13.71
usds
USDS (USDS) $ 1.00
stellar
Stellar (XLM) $ 0.268372
wrapped-steth
Wrapped stETH (WSTETH) $ 2,263.55
hedera-hashgraph
Hedera (HBAR) $ 0.185262
avalanche-2
Avalanche (AVAX) $ 18.81
pi-network
Pi Network (PI) $ 1.10
shiba-inu
Shiba Inu (SHIB) $ 0.000012
sui
Sui (SUI) $ 2.26
mantra-dao
MANTRA (OM) $ 6.97
litecoin
Litecoin (LTC) $ 88.46
bitcoin-cash
Bitcoin Cash (BCH) $ 338.91
polkadot
Polkadot (DOT) $ 4.27
ethena-usde
Ethena USDe (USDE) $ 1.00
bitget-token
Bitget Token (BGB) $ 4.48
weth
WETH (WETH) $ 1,892.56
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
hyperliquid
Hyperliquid (HYPE) $ 13.28
whitebit
WhiteBIT Coin (WBT) $ 28.33
wrapped-eeth
Wrapped eETH (WEETH) $ 2,009.08
monero
Monero (XMR) $ 209.27
uniswap
Uniswap (UNI) $ 6.20
susds
sUSDS (SUSDS) $ 1.04
aptos
Aptos (APT) $ 5.38
dai
Dai (DAI) $ 0.999878
okb
OKB (OKB) $ 51.82
near
NEAR Protocol (NEAR) $ 2.53
pepe
Pepe (PEPE) $ 0.000007
mantle
Mantle (MNT) $ 0.820236
internet-computer
Internet Computer (ICP) $ 5.70
gatechain-token
Gate (GT) $ 21.91
ethereum-classic
Ethereum Classic (ETC) $ 17.44
tokenize-xchange
Tokenize Xchange (TKX) $ 32.86
ondo-finance
Ondo (ONDO) $ 0.827313
aave
Aave (AAVE) $ 169.03
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,528.11
official-trump
Official Trump (TRUMP) $ 10.98
crypto-com-chain
Cronos (CRO) $ 0.079098
cosmos
Cosmos Hub (ATOM) $ 4.76
vechain
VeChain (VET) $ 0.024252
first-digital-usd
First Digital USD (FDUSD) $ 0.998704
bittensor
Bittensor (TAO) $ 242.67
kaspa
Kaspa (KAS) $ 0.074544
ethena
Ethena (ENA) $ 0.358101
filecoin
Filecoin (FIL) $ 2.84
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.20723
celestia
Celestia (TIA) $ 3.22
fasttoken
Fasttoken (FTN) $ 4.00
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 82,616.14
render-token
Render (RENDER) $ 3.12
arbitrum
Arbitrum (ARB) $ 0.358289
algorand
Algorand (ALGO) $ 0.183907
sonic-3
Sonic (prev. FTM) (S) $ 0.482617
arbitrum-bridged-usdt-arbitrum
Arbitrum Bridged USDT (Arbitrum) (USDT) $ 0.999839
optimism
Optimism (OP) $ 0.861551
jupiter-exchange-solana
Jupiter (JUP) $ 0.506233
kucoin-shares
KuCoin (KCS) $ 11.03
story-2
Story (IP) $ 5.28
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.504539
solv-btc
Solv Protocol SolvBTC (SOLVBTC) $ 82,307.05
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
binance-peg-weth
Binance-Peg WETH (WETH) $ 1,893.55
nexo
NEXO (NEXO) $ 1.07
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 1,962.68
xdce-crowd-sale
XDC Network (XDC) $ 0.067314
movement
Movement (MOVE) $ 0.438663
maker
Maker (MKR) $ 1,221.81
immutable-x
Immutable (IMX) $ 0.563492
dexe
DeXe (DEXE) $ 17.54
usual-usd
Usual USD (USD0) $ 0.997761
worldcoin-wld
Worldcoin (WLD) $ 0.823281
sei-network
Sei (SEI) $ 0.196453
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,135.82
injective-protocol
Injective (INJ) $ 9.56
the-graph
The Graph (GRT) $ 0.096163
blockstack
Stacks (STX) $ 0.601105
flare-networks
Flare (FLR) $ 0.014865
theta-token
Theta Network (THETA) $ 0.888897
binance-staked-sol
Binance Staked SOL (BNSOL) $ 128.42
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 0.999921
solv-protocol-solvbtc-bbn
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 82,690.16
lido-dao
Lido DAO (LDO) $ 0.916895
bonk
Bonk (BONK) $ 0.000011
pancakeswap-token
PancakeSwap (CAKE) $ 2.63
paypal-usd
PayPal USD (PYUSD) $ 0.999886
wbnb
Wrapped BNB (WBNB) $ 631.24

Bank of Korea Rejects Bitcoin Reserve Plans, Citing Volatility

Despite growing global discussions on cryptocurrency adoption, the Bank of Korea (BOK) has ruled out adding Bitcoin to its foreign exchange reserves, citing high volatility and liquidity concerns.

In a March 16 response to a written inquiry from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, central bank officials stated that they have “neither discussed nor reviewed” the possibility of integrating Bitcoin into national reserves.

“Bitcoin’s price volatility is very high. In times of cryptocurrency market instability, transaction costs to cash out Bitcoins could rise drastically,” the BOK stated, as reported by the Korea Herald.

Bitcoin’s recent price swings reinforce these concerns. Over the past month, Bitcoin has fluctuated between $98,000 and $76,000 before settling at around $83,000, marking a 15% decline since mid-February, according to CoinGecko.

Calls for Bitcoin Adoption Grow as U.S. Takes a Strategic Step

The BOK’s cautious stance comes amid a global wave of interest in Bitcoin reserves. Earlier this month, U.S. President Donald Trump issued an executive order establishing a strategic Bitcoin reserve and digital asset stockpile, signaling a shift in how nations approach cryptocurrency.

On March 6, crypto industry lobbyists and members of Korea’s Democratic Party pushed for integrating Bitcoin into the country’s reserves. They also proposed the development of a won-backed stablecoin to strengthen South Korea’s digital financial ecosystem.

Bitcoin Fails to Meet Central Bank Criteria

Despite increasing pressure from crypto advocates, the Bank of Korea remains firm in its decision. Officials reiterated that South Korea’s foreign exchange reserves must meet strict criteria, including:

  • High liquidity – Assets must be quickly accessible for economic stability.
  • Investment-grade credit ratings – Reserves should maintain a strong financial backing.

Currently, Bitcoin does not meet these requirements in the central bank’s view, making it an unlikely addition to South Korea’s national reserves.

Professor Yang Jun-seok of the Catholic University of Korea echoed the central bank’s stance, emphasizing that reserves should align with the currencies of major trading partners. Meanwhile, Professor Kang Tae-soo of KAIST suggested that the U.S. is more likely to leverage stablecoins rather than Bitcoin to maintain the dollar’s dominance in the global financial system.

South Korea’s Crypto Future: Stablecoins Over Bitcoin?

While South Korea remains hesitant about Bitcoin reserves, the country is actively monitoring global crypto trends. Recently, South Korea’s financial regulator studied Japan’s Financial Services Agency’s approach to crypto assets and is considering lifting its ban on crypto exchange-traded funds (ETFs).

As the debate around national crypto reserves intensifies, South Korea may explore alternative digital asset strategies, focusing on stablecoins and regulated financial instruments rather than volatile cryptocurrencies like Bitcoin.

Hot this week

Crypto Scam Platform Debiex Ordered to Pay $2.5M in CFTC ‘Pig Butchering’ Case

Debiex Exposed as a Crypto Romance Scam A US federal...

Fake Coinbase and Gemini Emails Scam Crypto Users With Fraudulent Wallet Setup

Crypto users are being targeted by a new wave...

Thai Police Seize 63 Illegal Crypto Mining Machines in Pathum Thani

Authorities in Thailand have confiscated 63 cryptocurrency mining machines from abandoned houses in Pathum Thani, uncovering an illegal operation that stole electricity worth over 11 million baht.

ECB’s Villeroy Warns U.S. Crypto Policies Could Trigger Next Financial Crisis

François Villeroy de Galhau, Governor of the Banque de...

Goldman Sachs Recognizes Crypto’s Influence Amid 15% Bitcoin Investment Surge

For the first time, Goldman Sachs has formally acknowledged...
bitcoin
bitcoin

Bitcoin (BTC)

Price
$ 82,523.11

Topics

Crypto Scam Platform Debiex Ordered to Pay $2.5M in CFTC ‘Pig Butchering’ Case

Debiex Exposed as a Crypto Romance Scam A US federal...

Thai Police Seize 63 Illegal Crypto Mining Machines in Pathum Thani

Authorities in Thailand have confiscated 63 cryptocurrency mining machines from abandoned houses in Pathum Thani, uncovering an illegal operation that stole electricity worth over 11 million baht.

ECB’s Villeroy Warns U.S. Crypto Policies Could Trigger Next Financial Crisis

François Villeroy de Galhau, Governor of the Banque de...

Goldman Sachs Recognizes Crypto’s Influence Amid 15% Bitcoin Investment Surge

For the first time, Goldman Sachs has formally acknowledged...

Dogecoin Miners Dump 65M DOGE in 48 Hours Amid Market Volatility

Dogecoin (DOGE) is under increasing pressure as miners have...

South African Parliament’s Social Media Hacked to Promote $Ramaphosa Crypto Scam

Hackers breached South African Parliament’s social media accounts to promote a fraudulent $Ramaphosa cryptocurrency token. Blockchain analysis reveals a well-coordinated financial fraud operation.

Crypto King Fred Schebesta Slams Overregulation, Calls for Trump-Style Reform in Australia

Fred Schebesta criticizes Australia’s overregulation, calling it a “nanny state” that stifles innovation. He urges a Trump-style reversal to revive prosperity.

Related Articles

Popular Categories