韩国银行于3月16日宣布，它不考虑包含比特币

韩国银行于3月16日宣布，它并不考虑将比特币纳入其外汇储备中。

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.

该机构在3月16日在国民议会计划和财务委员会的书面询问中表示，韩国银行没有计划将比特币纳入其外汇储备中。

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.

中央银行的回应标志着它首次公开表达了其在其储备中增加比特币的可能性，这是最近在美国总统唐纳德·特朗普（Donald Trump）3月6日的行政命令指示比特币战略库存的一部分之后，这是一个辩论的话题。

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

韩国银行指出，其决定的主要原因是高价波动和不遵守外汇储备标准。

“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.

该银行解释说：“比特币的价格波动非常高，如果虚拟资产变得不稳定，则在清算过程中交易成本可能会急剧增加。”

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.

韩国银行说，比特币的最低交易单位为0.001，最近以1.1亿韩元的价格，交易成本至少为110,000韩元。相比之下，美国国库券的交易成本最低1,000美元，价格为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.

近几个月来，比特币的价格显着波动，从1月份的1.6亿韩元到1.1亿韩元不等，随着市场趋势和宏观经济环境而异。

“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.”

韩国银行补充说：“外汇储量必须在需要时立即使用，因此具有流动性和可销售性。” “用于外汇储量的货币也应可转换，通常具有投资级或更高的信用等级，但比特币无法满足这些条件。”

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.

欧洲中央银行，瑞士国家银行和日本政府也表示对将比特币包括在外汇储备中，与韩国银行的谨慎态度保持一致。

“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.”

韩国天主教大学的Yang Jun-Seok教授说：“外汇与我们交易的国家的货币成比例。” “例如，由于韩国的大部分贸易都与中国交易，因此拥有更大比例的人民币和较小比例的美元是合乎逻辑的。”

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

但是，杨教授指出，主要国家没有在比特币中发行债券，这可能会限制持有虚拟资产的优势。

“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.

韩国银行说：“如果一个国家的债券不包括在其他国家的外汇储备中，那么管理宏观经济不稳定或在危机期间稳定货币价值可能会变得困难。”

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.

中央银行决定不将比特币纳入其储备金的决定还考虑了国际货币基金组织（IMF）的影响，国际货币基金会根据主要中央银行的标准承认外汇储备。

“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.

“由于美国可能会利用稳定的稳定币来维持美元霸权，因此国际货币基金组织是否会承认将来的股币作为外汇储备，这一点很重要，”凯斯特金融学院的康·泰（Kang Tae-soo）教授说。

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

这种观点凸显了与货币优势和数字货币在全球金融中不断发展的作用相关的更广泛的地缘政治和经济战略。