{"id":623116,"date":"2025-01-31T12:28:38","date_gmt":"2025-01-31T12:28:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=623116"},"modified":"2025-01-31T12:28:38","modified_gmt":"2025-01-31T12:28:38","slug":"ecb-president-christine-lagarde-rejects-bitcoin-as-reserve-asset-but-czech-national-bank-didnt-get-the-memo","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ecb-president-christine-lagarde-rejects-bitcoin-as-reserve-asset-but-czech-national-bank-didnt-get-the-memo","title":{"rendered":"ECB President Christine Lagarde Rejects Bitcoin As Reserve Asset, But Czech National Bank Didn\u2019t Get The Memo"},"content":{"rendered":"
ECB President Christine Lagarde dismissed the idea of European central banks adding Bitcoin to their reserves, but the Czech National Bank just approved a plan to explore exactly that.<\/span><\/p>\n Lagarde, speaking at a press conference in Frankfurt on Thursday, said Bitcoin is too volatile and also linked to illegal activities, making it unsuitable as a reserve asset.<\/span><\/p>\n “There is a view around the table of the governing council … that reserves have to be liquid, that reserves have to be secure, that they have to be safe,” Lagarde said. “I’m confident that Bitcoins will not enter the reserves of any of the central banks of the general council.”<\/span><\/p>\n 🚨 Breaking News: 🇪🇺 European Central Bank President, Christine Lagarde, asserts, \"I'm confident that #Bitcoin<\/a> will not be included in EU reserves.\" 💬📉 pic.twitter.com\/h9jEFty0Dg<\/a><\/p>\n — The_Boiidan🐐 (@TheRealBoiidan) January 31, 2025<\/a><\/p><\/blockquote>\n\n