According to online reports, the Bank of Korea made it clear that it "has never considered including Bitcoin in foreign exchange reserves." In response to a written question from Che Guigen, a member of the National Assembly and a member of the Planning and Finance Committee, the Bank of Korea said on the 16th,"We believe that we need to be cautious about including bitcoin in foreign exchange reserves." This is the first time that the Bank of Korea has expressed its position on the issue of Bitcoin reserves. The first reason for Bank of Korea's negative attitude is the high volatility of Bitcoin prices. In response, the Bank of Korea pointed out: "If the virtual asset market becomes unstable, Bitcoin may face the risk of a sharp increase in transaction costs during the liquidation process." In addition, the Bank of Korea also said: "We believe that Bitcoin also does not meet the International Monetary Fund's (IMF) foreign exchange reserve calculation standards." For these reasons, the Bank of Korea replied: "As of now, we have never discussed or considered including Bitcoin in foreign exchange reserves." Bank of Korea added: "It is understood that some countries such as the Czech Republic and Brazil are positive about this, but the European Central Bank (ECB), the Swiss National Bank and the Japanese government have all expressed opposition."