韓國銀行於3月16日宣布，它不考慮包含比特幣

韓國銀行於3月16日宣布，它並不考慮將比特幣納入其外匯儲備中。

The Bank of Korea has no plans to include Bitcoin in its foreign exchange reserves, the institution said in response to a written inquiry from Rep. Cha Gyu-geun of the National Assembly’s Planning and Finance Committee on March 16.

該機構在3月16日在國民議會計劃和財務委員會的書面詢問中表示，韓國銀行沒有計劃將比特幣納入其外匯儲備中。

The central bank’s response marks the first time it has publicly expressed its position on the possibility of adding Bitcoin to its reserves, which has been a topic of debate recently following U.S. President Donald Trump’s March 6 executive order directing the strategic stockpiling of Bitcoin as part of his administration’s broader efforts to mitigate the threat of the Chinese yuan.

中央銀行的回應標誌著它首次公開表達了其在其儲備中增加比特幣的可能性，這是最近在美國總統唐納德·特朗普（Donald Trump）3月6日的行政命令指示比特幣戰略庫存的一部分之後，這是一個辯論的話題。

The Bank of Korea pointed to high price volatility and non-compliance with foreign exchange reserve criteria among the main reasons for its decision.

韓國銀行指出，其決定的主要原因是高價波動和不遵守外匯儲備標準。

“Bitcoin’s price volatility is very high, and transaction costs could increase sharply during the liquidation process if virtual assets become unstable,” the bank explained.

該銀行解釋說：“比特幣的價格波動非常高，如果虛擬資產變得不穩定，則在清算過程中交易成本可能會急劇增加。”

The minimum unit of trading for Bitcoin is 0.001, and at the recent price of 110 million won, the transaction cost would be at least 110,000 won, the Bank of Korea said. In comparison, the transaction cost for U.S. Treasury bonds with a minimum trading unit of $1,000 and a price of $100,000 is 0.1%, or 100,000 x 0.001 = $100.

韓國銀行說，比特幣的最低交易單位為0.001，最近以1.1億韓元的價格，交易成本至少為110,000韓元。相比之下，美國國庫券的交易成本最低1,000美元，價格為100,000美元，或100,000 x 0.001 = $ 100。

The price of Bitcoin has fluctuated significantly in recent months, ranging from 160 million won in January to 110 million won, varying with market trends and the macroeconomic environment.

近幾個月來，比特幣的價格顯著波動，從1月份的1.6億韓元到1.1億韓元不等，隨著市場趨勢和宏觀經濟環境而異。

“Foreign exchange reserves must be immediately usable when needed and thus possess liquidity and marketability,” the Bank of Korea added. “The currencies used for foreign exchange reserves should also be convertible and generally have a credit rating of investment grade or higher, but Bitcoin does not satisfy these conditions.”

韓國銀行補充說：“外匯儲量必須在需要時立即使用，因此具有流動性和可銷售性。” “用於外匯儲量的貨幣也應可轉換，通常具有投資級或更高的信用等級，但比特幣無法滿足這些條件。”

The European Central Bank, Swiss National Bank and the Japanese government have also expressed skepticism about including Bitcoin in their foreign exchange reserves, aligning with the Bank of Korea’s cautious approach.

歐洲中央銀行，瑞士國家銀行和日本政府也表示對將比特幣包括在外匯儲備中，與韓國銀行的謹慎態度保持一致。

“It is appropriate for foreign exchange to be held in proportion to the currencies of countries with which we trade,” said Prof. Yang Jun-seok of Catholic University of Korea. “For instance, since most of Korea’s trade is with China, it would be logical to hold a larger proportion of the yuan and a smaller proportion of the dollar.”

韓國天主教大學的Yang Jun-Seok教授說：“外匯與我們交易的國家的貨幣成比例。” “例如，由於韓國的大部分貿易都與中國交易，因此擁有更大比例的人民幣和較小比例的美元是合乎邏輯的。”

However, Prof. Yang noted that major countries do not issue bonds in Bitcoin, which might limit the advantages of holding virtual assets.

但是，楊教授指出，主要國家沒有在比特幣中發行債券，這可能會限制持有虛擬資產的優勢。

“If a country's bonds are not included in the foreign exchange reserves of other countries, it can become difficult to manage macroeconomic instability or to intervene in the exchange market to stabilize the currency value during a crisis,” the Bank of Korea said.

韓國銀行說：“如果一個國家的債券不包括在其他國家的外匯儲備中，那麼管理宏觀經濟不穩定或在危機期間穩定貨幣價值可能會變得困難。”

The central bank's decision not to include Bitcoin in its reserves also considers the implications for the International Monetary Fund (IMF), which recognizes foreign exchange reserves according to the standards of the major central banks.

中央銀行決定不將比特幣納入其儲備金的決定還考慮了國際貨幣基金組織（IMF）的影響，國際貨幣基金會根據主要中央銀行的標準承認外匯儲備。

“As the U.S. is likely to leverage stablecoins rather than Bitcoin to maintain dollar hegemony, whether the IMF will recognize stablecoins as foreign exchange reserves in the future is important,” said Prof. Kang Tae-soo from KAIST Graduate School of Finance.

“由於美國可能會利用穩定的穩定幣來維持美元霸權，因此國際貨幣基金組織是否會承認將來的股幣作為外匯儲備，這一點很重要，”凱斯特金融學院的康·泰（Kang Tae-soo）教授說。

This perspective highlights the broader geopolitical and economic strategies related to currency dominance and the evolving role of digital currencies in global finance.

這種觀點凸顯了與貨幣優勢和數字貨幣在全球金融中不斷發展的作用相關的更廣泛的地緣政治和經濟戰略。