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ECB President: "No EU Country Will Adopt Bitcoin as Reserve"

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Doohyun Hwang
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  • Christine Lagarde, ECB President, asserted that no EU country will adopt Bitcoin as a reserve.
  • Lagarde stated that virtual assets do not meet the standards of the EU central bank.
  • Reserves must be liquid and safe, and should not leave room for money laundering and criminal activities.
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Image=Alexandros Michailidis / Shutterstock.comImage=Alexandros Michailidis / Shutterstock.com

Christine Lagarde, President of the European Central Bank (ECB), firmly stated that no European Union (EU) country will adopt Bitcoin (BTC) as a reserve.

According to Bloomberg on the 30th (local time), Lagarde said, "Virtual assets (cryptocurrencies) do not meet the standards we require. I am confident that the central banks of EU member states will not set Bitcoin as a reserve."

She added, "Reserves must be liquid and safe. They should never leave room for money laundering and criminal activities."

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