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Category Bank of Korea

MainNewsBank of Korea
Bank of Korea Rejects Bitcoin for Reserves Due to High Volatility

Bank of Korea Rejects Bitcoin for Reserves Due to High Volatility

Bank of Korea rejects Bitcoin as a reserve asset, and is also emphasizing extreme caution due to crypto…
Bank of Korea Rejects Bitcoin As Foreign Reserve Asset, Citing Instability and Other Factors: Report

Bank of Korea Rejects Bitcoin As Foreign Reserve Asset, Citing Instability and Other Factors: Report

South Korea’s central bank reportedly has no plans to include Bitcoin (BTC) in its foreign exchange reserves. The Bank of Korea said “a cautious ap...
Bank of Korea Governor doubts won will return to past levels

Bank of Korea Governor doubts won will return to past levels

South Korea’s won steadied at 1,428 per dollar on Tuesday following a turbulent week that saw the currency hit a two-year low of 1,442. However, th...
Bank of Korea Governor says interest rate cuts unlikely after unprecedented political unrest

Bank of Korea Governor says interest rate cuts unlikely after unprecedented political unrest

Bank of Korea Governor Rhee Chang-yong believes the central bank is unlikely to lower interest rates because of the country’s recent political turm...
Bank of Korea to Launch CBDC Payment Trial in Supermarkets

Bank of Korea to Launch CBDC Payment Trial in Supermarkets

South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stor...