Despite the recent comments by the President of European Central Bank Christine Lagard, the possibility of a Bitcoin reserves of an European Central Bank has increased, which considers recent comments inappropriate.
Czech is national bank allowed After a proposal by CNB Governor Alesh Mitchell, a study to assess how Bitcoin (BTC) can serve as a reserved property.
Earlier, Mitchell argued that the bank should diversify its investment portfolio and consider allocating funds to alternative asset classes including bitcoins. His proposal suggested the allocation of CNB’s € 140 billion ($ 145.6 billion) to BTC in reserves. “Depending on the results of the analysis, the bank board will then decide how to move forward,” CNB announced on January 30 after approving Mitchell’s study.
While Mixel’s idea has obtained traction within CNB, Europe’s top banking officer remains unrelated. Incidentally with the CNB’s decision, ECB President Christine Lagard said it is “confident” that no European Union would adopt a central bank bitcoin as a reserve property.
In particular, while the Czech Republic is a member of an European Union, it does not use the Euro as its official currency.
The concept of national and institutional bitcoin reserves is gaining momentum within both Europe and beyond. In the US, President Trump and several senators have worked on law aimed at establishing a strategic BTC reserve.
The US states also joined the race, as about a dozen courts introduced laws to buy BTC with taxpayers.
