Today in crypto, South Korea’s central bank has confirmed it has not discussed or reviewed the possibility of a Bitcoin reserve. Jameson Lopp says quantum computers should not be used to restore lost Bitcoin and Libra’s controversial co-creator, Hayden Davies, has launched another memecoin that led to a 99% collapse.
Bank of Korea to take ‘cautious approach’ to Bitcoin reserve
The Bank of Korea says it is taking a “cautious approach” to potentially including Bitcoin as a foreign exchange reserve.
Officials from the Korean central bank said in a March 16 response to a written inquiry that they have not looked into a potential Bitcoin (BTC) reserve, citing high volatility.
Responding to a question from Representative Cha Gyu-geun of the National Assembly’s Planning and Finance Committee, central bankers said that they have “neither discussed nor reviewed the possible inclusion of Bitcoin in foreign exchange