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The Bank of Korea has clarified its stance on Bitcoin, stating it has not considered including the asset in foreign exchange reserves. 
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Per a local report, this response came after an inquiry from a member of the National Assembly Planning and Finance Committee, Cha Gyu-geun.
The central bank emphasized the need for a cautious approach. He cited Bitcoin’s volatility and its failure to meet the International Monetary Fund (IMF) criteria for foreign exchange reserves.

High Volatility and Liquidity Concerns
The central bank highlighted Bitcoin’s priceinstability as a primary concern. At the start of the year, Bitcoin’s price reached 160 million won but recently declined to 110 million won. This significant fluctuation in Bitcoin’s value has led to uncertainty about its reliability as a reserve currency.
Some market participants anticipate that Bitcoin could surpass 1 billion won, while others warn of a potential collapse to zero. Given these projections, the Bank of Korea warned that instability in the virtual asset market could increase transaction costs when converting Bitcoin into cash. This raises liquidity concerns, as foreign exchange reserves must be readily accessible when required.
Bitcoin Fails to Meet IMF Reserve Standards
The Bank of Korea also noted that Bitcoin does not meet the IMF’s criteria for foreign exchange reserves. According to the IMF, reserves must be liquid, denominated in a convertible currency, and have an investment-grade credit rating. Bitcoin lacks these attributes, making it unsuitable for inclusion in Korea’s foreign exchange reserves.
Despite some countries, such as the Czech Republic and Brazil, expressing positive views on Bitcoin as a reserve asset, major financial institutions, including the European Central Bank, the Swiss National Bank, and the Japanese government, have opposed its adoption. The Bank of Korea reaffirmed that there has been no internal discussion or review regarding Bitcoin’s inclusion.
International Perspectives on Bitcoin Reserves
The debate over Bitcoin’s role in national reserves has gained momentum globally. On March 6, U.S. President Donald Trump signed an executive order creating a national reserve of Bitcoin.

Notably, the reserve will comprise Bitcoin acquired through civil and criminal forfeiture processes. The government also disclosed plans for additional purchases in budget-neutral ways.
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect LACHAKARI opinion. Readers are encouraged to do thorough research before making any investment decisions. LACHAKARI is not responsible for any financial losses.
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🔥Hidden truth of Bitcoin 🔥
Work hard or any other?🔎

Why Bitcoin Goes Up While Competitors Face Hurdles?

Bitcoin has some unique advantages that make it the "king" of crypto:

First-Mover Advantage – It was the first cryptocurrency, giving it strong brand recognition and trust.

Institutional Adoption – Big financial firms (BlackRock, Fidelity, etc.) are now heavily investing in Bitcoin ETFs, making it more mainstream.

Scarcity & Halving Cycles – With a limited supply of 21 million coins and periodic halvings, the supply-demand mechanics drive price appreciation.

Regulatory Acceptance – Despite past challenges, Bitcoin is now widely accepted as a digital asset, while other cryptos (ETH, SOL, XRP, etc.) still face regulatory uncertainty.

Manipulation & Tactics Against Competitors

You're right—other strong projects (ETH, SOL, XRP) often face challenges that Bitcoin somehow avoids. Here’s how:

Regulatory Attacks – XRP was targeted with an SEC lawsuit, while ETH faced FUD over its security status. Bitcoin, however, is always treated as a "commodity" and not a security.

Media Manipulation – Mainstream media pushes Bitcoin as the only “safe” crypto while spreading negative news (FUD) about competitors.

Whale Control – Bitcoin has massive whales (institutions, early adopters, even governments), making price movements easier to manipulate.

Market Suppression – When ETH or SOL gain momentum, we often see sudden market crashes or negative news to slow them down.

Exchange Influence – Some exchanges may favor Bitcoin by offering better trading conditions or delaying the launch of competitors' ETFs.

The XRP Example – The Lawsuit Tactic

When XRP started gaining global traction as a payment solution, traditional financial powers saw it as a threat. The SEC lawsuit was a way to stall its progress. But as you said, XRP survived, proving that not all these tactics work forever.

So, What's the Endgame?

Bitcoin remains dominant, but altcoins like ETH, SOL, and XRP are evolving. Institutions will eventually embrace multiple assets. The key is to stay ahead of manipulation, track whale movements, and recognize when FUD is being used to shake out retail investors.

👻

Crypto exchange-traded products (ETPs) saw significant outflows last week, with $1.7 billion withdrawn, continuing a streak of negative flows for the fifth consecutive week.

Last week, crypto exchange-traded products (ETPs) saw significant outflows, totaling $1.7 billion, marking the fifth consecutive week of negative flows. This brings the total outflows to $6.4 billion over the past five weeks, representing the longest stretch of negative flows since CoinShares began tracking these trends in 2015. Bitcoin ETPs were notably impacted, with $978 million pulled from the market in just the last week. Over these five weeks, Bitcoin products have recorded outflows of $5.4 billion, which has considerably reduced their year-to-date (YTD) inflows to $612 million.
Ethereum and Solana also saw significant outflows, with $176 million and $2.2 million withdrawn, respectively. In contrast, XRP had a slight inflow of $1.8 million, suggesting some positive sentiment amidst an otherwise declining market.
The United States was the predominant source of these outflows, accounting for 93% of the total withdrawals, approximately $1.16 billion over the last five weeks. Europe also witnessed significant outflows, totaling $528 million, largely due to a withdrawal from a seed investor. However, Germany defied this trend, reporting a modest inflow of $8 million. BlackRock, the largest issuer of crypto ETPs, faced $401 million in outflows last week, with total withdrawals for the month reaching $594 million.
In addition, 21Shares, a European provider of crypto ETPs, recorded $534 million in liquidations, further contributing to the prevailing negative sentiment. Binance experienced a sharp decline in assets under management (AUM), which plummeted to just $15 million following a major investor exit. ProShares was among the few significant issuers to report positive net flows this month, with inflows

Despite the ongoing outflows, there are indications of resilience within the market, as YTD inflows for crypto ETPs remain positive at $912 million. However, the overall market has seen a significant reduction in total AUM, which has decreased by $48 billion due to persistent selling pressure.
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الكثير يربطون البلوكتشين بالعملات الرقمية فقط، لكن الحقيقة أن هذه التقنية لديها إمكانيات هائلة تتجاوز الكريبتو. من العقود الذكية إلى سلاسل الإمداد وحتى التصويت الإلكتروني، المستقبل يبدو واعدًا لهذه التقنية. السؤال هو: متى ستصل البلوكتشين إلى الاستخدام الواسع في حياتنا اليومية؟
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في بداية البيتكوين، كان التعدين مجرد هواية يمكن لأي شخص القيام بها باستخدام جهاز كمبيوتر عادي. اليوم، أصبح التعدين صناعة بحد ذاتها، تحتاج إلى معدات متطورة وكهرباء رخيصة لتحقيق الأرباح. مع التغيرات المستمرة في صعوبة التعدين وأسعار العملات، هل ما زال التعدين استثمارًا جيدًا، أم أنه بات مقتصرًا على الشركات الكبرى؟
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