The Bank of Korea has confirmed that it will not add Bitcoin to its foreign exchange reserves due to concerns over its price volatility, which could create high transaction costs when converting it to cash. Additionally, Bitcoin does not meet the International Monetary Fund’s guidelines for managing foreign exchange reserves. In contrast, the United States, ...
The Governor of the Czech National Bank, Aleš Michl, is open to considering Bitcoin as part of the bank’s strategy to diversify its foreign exchange reserves. Currently, the bank mainly relies on traditional assets like gold to maintain low inflation and financial stability. While Michl acknowledges Bitcoin as an intriguing asset, he emphasizes there are ...
The Czech National Bank’s Governor, Aleš Michl, is contemplating the inclusion of Bitcoin in the bank’s foreign exchange reserves strategy. Currently, the bank primarily focuses on traditional assets like gold and aims for low inflation and financial stability. While Michl finds Bitcoin intriguing, he emphasizes the uncertainties surrounding its technology and believes that gold will ...
