CB President Christine Lagarde said on Thursday that Bitcoin will not be included in the EU’s reserved assets list. The top official’s position is weeks after U.S. President Donald Trump’s statement, he plans to add BTC to the country’s reserves. Bitcoin’s value fell 1.23% on Friday due to ongoing market volatility, trading at about $104,002 (approximately Rs 9.01 lakh). This development highlights the different positions of the United States and the European Union in the role of Bitcoin in traditionally retained assets.
The head of the ECB said that reserve assets must be liquid and ensure safety
Ales Michl, Governor of the Czech Republic’s Central Bank, asked the European Central Bank to always consider adding bitcoin to the country’s reserved assets. The country is part of the EU and has a seat on the ECB General Council.
Lagarde dismissed the proposal at a press conference, saying: “I believe … Bitcoin will not enter the reserves of any central bank in the General Council.”
The head of the ECB explained that the assets that consider increasing a country’s reserves need to be liquid and ensure security. This means that assets like Bitcoin that can be used to promote money laundering or other criminal activities cannot be considered a secure supplement to retaining assets.
“I had a good conversation with my colleagues in the Czech Republic and I gave him any announcements he wanted to make, but I am confident that he believes that all of us must have liquids, keeping liquids safe and safe reserves,” Laga De said.
The EU’s mica regulations cited by Canadian encryption will come into effect on December 30, 2024. Several crypto companies have obtained mica licenses in EU countries in recent weeks. These companies can expand their business in the group, where encryption guidelines have been clarified under MICA regulations.
Bitcoin is the strategic reserve of the United States
Last year, U.S. President Donald Trump said he would transform the United States into the world’s crypto capital. He promised that he would make Bitcoin a reserved asset in the United States, sending cryptocurrency assets to an all-time high of more than $109,000 (approximately Rs 9.5 lakh).
From allocating pro-Cretto policymakers to key positions of federal agencies like the SEC, to creating a special task force to accelerate encryption rules, President Trump has begun making important decisions to shape the U.S. return White people later to shape the cryptocurrency department house in the United States.
No other country except the United States and the Czech Republic has inspired dialogue that makes Bitcoin a retained asset. In much of the world, cryptocurrencies remain largely unregulated and are still vulnerable to macro and micro changes in economics and geopolitics.
