South Korea's central bank rejects hoarding Bitcoin. Telegram's CEO is free to travel and 3AC

gets a big creditor boost. It's Monday, March 17, 2025. I'm Christine Lee. This is Coiness Daily.

South Korea's central bank rejecting the idea of establishing a strategic Bitcoin reserve, citing

price and stability and potential risk to stable reserve assets like gold and foreign currencies.

The Korea Economic Daily reporting that the Bank of Korea further stated that Bitcoin

does not meet the international monetary funds foreign exchange

reserve management standards, which emphasized prudent management of liquidity, market, and

credit risks.

While the U.S. Czech Republic and Brazil have expressed positive opinions on a Bitcoin strategic

reserve, the Bank of Korea noted that the European Central Bank and Swiss National Bank

and the Japanese government have expressed negative opinions.

Telegrams tawns surging after French authorities returned the passport of CEO Pavel Durov,

allowing him to travel freely and return to Dubai.

Duraub's detention since August 24 stemmed from allegations of enabling illegal

activities on his messaging app. Telegrams serves nearly a billion users globally. The Todd

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