Bitcoin

Donald Trump, who was re-elected as the US President, promised a strategic Bitcoin reserve for the US. 
While the entire cryptocurrency market and countries are wondering whether Trump will keep his promise of a Bitcoin reserve, South Korea is not positive about the BTC reserve. 
<h2 id="bitcoin-is-a-distant-topic-for-south-korea">Bitcoin Is A Distant Topic For South Korea!</h2> 
While the US is planning bold moves on Bitcoin, South Korea is holding back. At this point, the Financial Services Commission (FSC) has ruled out creating a national Bitcoin reserve. 
According to the news of South Korean local news agency Newsprime, FSC Chairman Kim Byung-hwan announced that South Korea is not keen on the issue of Bitcoin reserves. 
<blockquote> 
 “A national Bitcoin reserve for South Korea is a bit of a distant topic at the moment. 
 “We are not close or ready to take any steps towards creating a national Bitcoin reserve at this time.” 
</blockquote> 
<h2 id="south-korea-will-wait-on-bitcoin">South Korea Will Wait on Bitcoin!</h2> 
South Korea will wait to see how other countries and the market react to Trump’s BTC reserve plan before taking action on Bitcoin, the FSC chairman said: 
<blockquote> 
 “We will wait to see how much support we will provide to Bitcoin and the crypto industry in the future. We will see if other countries' positions on this matter change due to US government policy, and our decision will depend on other countries' positions. 
 Of course, our priority will be to figure out how to further protect local crypto investors. 
 The idea of holding Bitcoin as a reserve asset is something we need to spend some time on.” 
</blockquote> 
Finally, Kim added that the FSC is not convinced that BTC and other cryptocurrencies can benefit the country's economy. 
“We see stock market investments as an important economic factor because stock markets create a consistent cycle. However, we are not sure if crypto assets really have a positive impact on the economy. Therefore, we need to investigate the crypto market, which surpasses the stock market in terms of trading volumes,” the FSC President said. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/south-korea-closes-doors-to-bitcoin-they-will-wait-for-the-us/">South Korea Closes Doors to Bitcoin! They Will Wait for the US!</a>

South Korea Closes Doors to Bitcoin! They Will Wait for the US!

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