The South Korean central bank rules out the possibility of including Bitcoin in its Forex reserves.

A South Korean official stated on Sunday that, considering the price volatility of Bitcoin, the central bank is calling for a "cautious approach" towards the idea of including Bitcoin in its Forex reserves. The South Korean central bank stated: "In an unstable Cryptos market, the cost of Trading Bitcoin may increase significantly." It added that Cryptos also do not meet the Forex reserve standards set by the International Monetary Fund, such as liquidity, market value, and credit rating.