CB President Christine Lagarde on Thursday Expressed Confidence that Bitcoin will not be included in the eu’s list of reserved assets. The top official’s stance come weeks after US President Donald Trump’s Made Statements that He Plans to Add Btc to the Country’s Reserves. Bitcoin’s Value Dropped By 1.23 Percent on Friday Amid Ongoing Market Volativity, Trading at Applicing at Approximately $ 104,002 (Roughly Rs. 90.1 Lakh). This development highlights the difference stances between the us and eu on bitcoin’s role in traditional reserved assets.
ECB Chief Says Reserve Assets must have liquidity, assured security
ALES MICHL, The Governor of the Czech Republic’s Central Bank, Asked ECB’s General Council to Consider the addition of bitcoin to the countery’s reserved assets, reuters Reported on thuresday. The country is part of the eu and has a seat on the eCB’s general council.
Dismissing the suggestion in a press conference, lagarde said, “I am confident that … bitcoins won’t enter the reserves of any of the central banks of the general council.”
The ecb Chief is explained that assets to be considered for addition to a countery’s reserves need to have liquidity and assured security. This means that assets like bitcoin, that can be used to facilitate money laundering or other criminal activities, cannot be seen as a safe addition to reserved assets.
“I had a good conversation with my colleague from the czech republic and I leave it to him to make whitever announs Iquid, secure , And safe reserves, “LAGARDE said,
The eu’s crypto-focussed Mica regulations went into effect on December 30, 2024. These firms can expand their businesses in the bloc, where crypto guidelines have been made clear under the mica regulations.
Bitcoin as a US strategic reserve
DURING HIS Election Campaign Last Year, Us President Donald Trump Said He Would Transform The Us Into The World’s Crypto Capital. He vouched that he would make bitcoin a reserved asset in the us, sending the crypto asset to an all-time high of over $ 109,000 (roughly Rs. 95 lakh).
From Assigning Pro-Crypto Policymakers to Key Positions Into Federal Agencies Like the Sec to Create A Special Task Force to ACCELERETE WORK ON CREPTO RULES Decisions to shape the crypto sector in the us following his return to the white House.
Other than the us and the czech republic, no other nation has sparked a conversation Around Making Bitcoin a reserved asset. The cryptocurrency is still larger unregulated in most parts of the world and remains prone to the impacts of macro and micro changes in Economics and Geopolitics.
(Tagstotranslate) EU Bitcoin Reserve Asset ECB Christine Lagarde & Nbsp; Cryptocurrency (T) European Central Bank (T) ECB (T) Bitcoin (T) Christine Lagarde
