[Korean Central Bank: Not Considering Including Bitcoin In Foreign Exchange Reserves] March 17Th. According To South Korea'S Economic TV, The Bank Of Korea Has Clearly Stated That It "Has Never Considered Including Bitcoin In Its Foreign Exchange Reserves." In Response To A Written Inquiry From South Korean Congressman And Planning And Finance Committee Member Che Kye-Geun (Phonetic), The Bank Of Korea On The 16Th Stated, "We Believe That Careful Consideration Is Needed Regarding The Inclusion Of Bitcoin In Foreign Exchange Reserves."This Is The First Time The Bank Of Korea Has Taken A Stance On The Bitcoin Reserve Issue. The Primary Reason For Its Denial Is The High Volatility Of Bitcoin'S Price. In Response, The Bank Of Korea Pointed Out, "If The Virtual Asset Market Becomes Unstable, Bitcoin May Face A Significant Increase In Transaction Costs During The Liquidation Process. We Believe That Bitcoin Also Does Not Meet The International Monetary Fund'S (IMF) Foreign Exchange Reserve Calculation Standards. As Of Now, We Have Never Discussed Or Considered Including Bitcoin In Our Foreign Exchange Reserves." The Bank Of Korea Added, "It Is Understood That Some Countries Such As The Czech Republic And Brazil Have A Positive Attitude Towards This, But The European Central Bank (ECB), The Swiss National Bank, And The Japanese Government Have Expressed Opposition."