European Central Bank President Christine Lagard said that the bank would not consider having a bitcoin reserves, even sovereign institutions rapidly turn to property.
A long -time bitcoin (BTC) remained as a reserve property as a reserve asset from the increasing trend of doubtist, skepticism. As a reserved property.
Media Conference on 30 January, during Lagard Said She was “convinced that Bitcoin would not enter any central bank reserves of the General Council.”
The opposition of Lagard for bitcoin and other digital assets is well documented. The Chairman of the European Central Bank has repeatedly criticized bitcoins, claiming that it serves as a vehicle for money laundering and illegal finance.
Speaking immediately after the European Central Bank’s latest interest rate decision, Lagard also argued that the speculative nature of bitcoin, lack of liquidity, and regulator uncertainty disqualify it from being a viable reserved property.
There is a scene around the table of the Governing Council and most likely that the reserves have to be liquid with the general council, that store has to be safe, that they have to be safe, that they should not suffer from doubt Money laundering or other criminal activities.
Christine Legarde, ECB President
Lagard’s comments confirmed his previous rhetoric and confirmed the ECB’s approach to the BTC-Regent-asset conversations. However, Europe cannot agree with this stance.
Banks in Norway and Switzerland invested in companies such as microstrate, which keep bitcoins on their balance sheet. Although these investments do not direct bitcoin holdings, they indicate a potential hunger for bitcoin exposure and a desire to integrate property in financial strategies.
