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Investing.com -- Christine Lagarde, President of the European Central Bank (ECB), expressed her skepticism regarding the inclusion of Bitcoin in the monetary reserves of any European Union (EU) country. Her comments were in response to her Czech counterpart, Ales Michl, who had earlier stated his institution’s intent to examine this possibility.
Lagarde stated that Bitcoin does not fulfill the necessary criteria set by policymakers of the ECB or any other EU nation. She voiced her confidence that Bitcoin will not find its way into the reserves of any central banks within the ECB’s General Council.
Lagarde addressed reporters in Frankfurt, sharing the consensus among the Governing Council and most likely the General Council as well. In her view, reserves should be liquid, secure, safe, and free from any suspicion of money laundering or other criminal activities. The implication being that Bitcoin, in its current state, does not meet these stringent requirements.
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