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November 25, 2024

South Korean FSC’s National Bitcoin Reserve Plans on Hold Amid Digital Risks

The South Korean Financial Services Commission faces growing calls for a national Bitcoin reserve as global cryptocurrency adoption accelerates. However, the Chairman Kim Byung-hwan categorizes the initiative as “distant” and acknowledges digital asset risks. This ongoing dialogue around Bitcoin reserves continues to capture attention in South Korea. The FSC aims to study international developments carefully while ensuring investor safety amidst the boom in digital assets. The future remains uncertain but intriguing.

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