CB President Christine Lagard on Thursday expressed confidence that bitcoin would not be included in the list of reserved assets of the European Union. The top officer’s attitude comes after weeks of US President Donald Trump’s statements that he is planning to add BTC to the country’s store. The price of bitcoin fell to 1.23 percent on Friday amidst market volatility, trading at around $ 104,002 (about Rs 90.1 lakh). This development highlights the separate stance between the US and the European Union on the role of bitcoin in traditional reserved assets.
ECB chief says that there should be liquidity in reserved property, convincing security
Els Mitchell, Governor of the Central Bank of the Czech Republic, asked the General Council of ECB to consider adding bitcoins to the country’s reserved assets, Reuters. Informed On Thursday. The country is part of the European Union and a seat in the general council of ECB.
Rejecting the suggestion at a press conference, Lagard said, “I am confident that … Bitcoin will not enter the reserves of any central banks of the General Council.”
The ECB chief said that assets should be considered in addition to the reserves of a country, which requires liquidity and confident security. This means that a property -like property, which 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 him to leave whatever announcement he wants to make, but I am confident that he is confident, as we all Are, liquid, need to be safe. , And safe reserves, “Legard Said,
The Crypto-Focused Mica rules of the European Union came into force on December 30, 2024. In recent weeks, many crypto firms have obtained MICA licenses in European Union countries. These firms can expand their businesses in the block, where the crypto guidelines are clarified under the Mica rules.
Bitcoin as US Strategic Reserve
During his election campaign last year, US President Donald Trump said he would convert America into the world’s crypto capital. He said he would make bitcoin a reserved assets in the US, send the crypto property for a high time of more than $ 109,000 (about 95 lakh rupees).
From assigning pro-crypto policy makers to major positions in federal agencies like SEC to create a special task force to speed up work on Crypto rules Has started taking decisions. Home.
Apart from the US and the Czech Republic, no other nation has talked about making bitcoin a reserved property. Cryptocurrency is still largely irregular in most parts of the world and remains caused by the effects of macro and micro changes in economics and geopolitics.
