ECB President Dismisses Bitcoin as EU Reserve in the middle of CNB’s $7B Proposal
European Central Bank (ECB) President Christine Lagarde mentioned that Bitcoin (BTC) is not likely to be embraced as a reserve property by EU banks. This follows the Czech National Bank's (CNB) proposition to assign 5% of public funds to Bitcoin as part of its reserve diversity technique. The CNB was set to examine this proposition on January 30, with the prospective financial investment surpassing $7.3 billion, based upon its $146 billion in overall reserves.ECB Opposes Bitcoin, EU Pursues Digital EuroThroughout the January 30 conference, Lagarde declared that Bitcoin would not fulfill the ECB's requirements for reserves, which focus on liquidity, security, and stability. Other EU nations, consisting of Poland, Slovenia, Switzerland, Germany, and the Czech Republic, have actually checked ...