ECB president ‘confident’ Bitcoin will not enter central bank reserves
Christine Lagarde seemed to dismiss concerns that Czechia’s central bank would adopt Bitcoin as a reserve asset.
European Central Bank President Christine Lagarde suggested the Czech National Bank was unlikely to approve of adopting Bitcoin as a reserve asset following a conversation with its governor.
Speaking to members of the press on Jan. 30, Lagarde said the European Council held the view that reserves of central banks have to be “liquid, secure and safe,” implying that they would not include Bitcoin (BTC). She added that she was “confident” that BTC would not enter the reserves of banks under the council.
ECB President Christine Lagarde speaking on Jan. 30. Source: Reuters
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Author: Turner Wright
