European Central Bank President Christine Lagarde speaks on a panel at the World Economic Forum in Davos, Switzerland.
Ales Michl, the governor of the Czech Republic's central bank, asked ECB's General Council to consider the addition of Bitcoin to the country's reserved assets, Reuters reported on Thursday. The country is part of the EU and has a seat on the ECB's general council.
ECB President Christine Lagarde rejected Bitcoin as a reserve asset for EU central banks, but the Czech National Bank is considering it.
ECB President Christine Lagarde has firmly stated that Bitcoin will not be included in EU reserves due to concerns over regulatory risks.
Cryptocurrency doesn’t meet criteria required by policymakers either of the ECB or any other nation in the bloc. Christine Lagarde said.
The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar.”
Christine Lagarde said Europe needed to get better at keeping its talent and savings at home, adding that the new US administration’s decision to freeze some funding for former president Joe Biden’s Inflation Reduction Act might remove one of the incentives to invest in the US.
Speaking at a press conference, ECB President Christine Lagarde suggested “liquid, secure and safe“ standards for central banks likely precluded Bitcoin as a reserve asset.
Europe must "be prepared" and anticipate the potential trade tariffs of newly inaugurated U.S. President Donald Trump, European Central Bank President Christine Lagarde told CNBC on Wednesday.
At the World Economic Forum, President Trump's return to the White House overshadowed traditional talk on climate change, trade and development.
Central bank’s policymakers lower deposit rate to 2.75 per cent from 3 per cent, giving tracker mortgage holders here an instant boost
ECB President Christine Lagarde expressed confidence that no European country would establish Bitcoin reserves.