The post South Korean FSC dismiss plans to build Bitcoin reserve ‘for the time being’ appeared on BitcoinEthereumNews.com. The South Korean FSC remains cautious of digital assets in the wake of domestic calls for a Bitcoin reserve after the U.S takes a bullish stance on crypto. According to a news report from South Korean news outlet Newsprime, Chairman of the Financial Services Commission, Kim Byung-hwan responds to rising demands for South Kor…

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South Korea’s Top Regulator Dismisses Talks of Building National Bitcoin Reserve

The head of South Korea’s top financial regulator has dismissed the notion of creating a national Bitcoin reserve “for the time being.” The post South Korea’s Top Regulator Dismisses Talks of Building National Bitcoin Reserve appeared first on Cryptonews.

The top Korean financial regulator dismissed discussions related to any plan to adopt Bitcoin as a national reserve.  The South Korean population is highly inclined toward the Bitcoin sector, with a well-regulated market. Over the last 4 years, the government regulatory bodies have enforced strict regulatory measures, such as mandatory real-name trading accounts and anti-money laundering measures, ensuring transparency and investor protection to…

Bitcoinik

South Korea decides not to adopt Bitcoin ($BTC) as National Bitcoin Reserve

Prairie Fire for a Bitcoin Reserve The Financial Services Commission of South Korea has opted to delay plans to create a national Bitcoin reserve, amidst growing domestic clamor for its creation. Chairman Kim Byung-hwan discussed the matter in an interview with Newsprime on Nov. 24 where he called it “a bit of a distant story at the moment.” These calls picked momentum after the crypto-friendly policies of President-elect Donald Trump in the Uni…

Crypto News | Bitcoin News | BTC-Pulse

South Korean FSC Shelves Bitcoin Reserve Plans Amid Domestic and Global Crypto Trends

Sean Farrell, Head of Digital Asset Strategy at Fundstrat, noted in his latest client report that interest in cryptocurrencies is resurging among the public. “Friends and family are asking about crypto again,” he observed, signaling a renewed curiosity in the space. However, according to measurable market indicators, the current environment lacks the speculative exuberance observed during the third-quarter rally of this year or the cyclical peak…

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Bitcoin May Have More Room to Grow as South Korea’s ‘Kimchi Premium’ Stands at 0%

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South Korean FSC dismiss plans to build Bitcoin reserve 'for the time being'

The South Korean FSC remains cautious of digital assets in the wake of domestic calls for a Bitcoin reserve after the U.S takes a bullish stance on crypto. According to a news report from South Korean news outlet Newsprime, Chairman…

crypto.news

According to South Korean news platform Newsprime, South Korea’s Financial Services Commission (FSC) is grappling with increasing calls for a national Bitcoin reserve as global cryptocurrency adoption accelerates. Chairman Kim Byung-hwan recently addressed these requests, stating that while the idea of a Bitcoin reserve remains “distant,” it is not entirely ruled out. Kim’s remarks highlight the FSC’s cautious stance as it focuses on integrating…

Invezz

South Korean FSC delays Bitcoin reserve plans due to digital asset risks

South Korea’s Financial Services Commission (FSC) has decided against creating a national Bitcoin reserve, despite the country’s cryptocurrency trading volume surpassing stock trading. FSC Chairman Kim Byung-hwan wants to observe other countries’ approaches, especially the US, before making a decision. The FSC believes that traditional stock markets currently provide more economic benefits than crypto, with a focus on investor protection and reg…

coinbuzzfeed.com

"South Korea's FSC Declines National Bitcoin Reserve Amid High Crypto Trading Volume"

The post South Korea Rejects Bitcoin Reserve Plans for Now appeared first on Coinpedia Fintech News If you’ve been following Bitcoin’s rise, South Korea’s latest move might surprise you. While the US plans bold steps with Bitcoin, it is holding back. The Financial Services Commission (FSC) has ruled out creating a national Bitcoin reserve. Their reason? It’s all about caution, investor safety, and keeping things stable. Cautious Move by South Ko…

coinsurges.com

South Korea Rejects Bitcoin Reserve Plans for Now - Coin Surges

South Korea’s leading cryptocurrency exchange, Bithumb, has announced the listing of two new virtual assets i.e., Biconomy (BICO)…

South Korean FSC dismiss plans to build Bitcoin reserve 'for the time being'

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