‘Bitcoin Will Not Be Considered For Central Bank Reserves,’ ECB President Christine Lagarde Says
Posted On January 30, 2025
The European Central Bank (ECB) has no intention of adding Bitcoin (CRYPTO: BTC) to its reserves, according to ECB President Christine Lagarde.
Speaking after the central bank’s latest interest rate adjustment, Lagarde dismissed the idea, stating that Bitcoin does not align with the ECB’s standards for safety, liquidity and regulatory compliance, The Block reported.
The comments came following the ECB’s decision to lower its key deposit rate by 25 basis points, bringing it down to 2.75%.
This marks the fifth rate reduction since June 2024 as the ECB continues its monetary easing strategy.
Bitcoin Fails To Meet ECB’s …
About The Author
