Quantcast

ECB President: 'Bitcoin will not enter the reserves of any of the central banks of the General Council'

Tokenized Treasuries Hit Record $4.2B Market Cap as Crypto Correction Fuels Growth
Maximizing BNB Utility on Binance: A Guide to the Benefits
FTX liquidated $1.5B in 3AC assets 2 weeks before hedge fund’s collapse
Binance recognized by Indonesian cybercrime directorate for collaborative efforts
It's the first institutional investment in the crypto exchange and the investment was made in an unnamed stablecoin, Binance said.
US CPI Inflation Drops to 2.8%: Is Bitcoin About to Explode Again?
Business founder on Binance France allegations: 'What is this madness?'
Indian authorities arrest alleged Garantex founder for US extradition
Trump’s crypto summit ‘not going to have anything on taxes’ — White House official
Bitcoin: USA could sell gold to finance its strategic BTC reserve
Lawmaker of Japanese LDP on crypto regulation: We will classify 'Crypto assets as a new asset class'
Tom Lee Predicts Market Bottom This Week, Still Sees Bitcoin Closing the Year at $150K
IMF deal to ban public sector ‘Bitcoin accumulation’ in El Salvador
Bitcoin: Michael Saylor's company pauses BTC purchases
Head of law enforcement training at Binance: We need 'a unified approach between law enforcement and industry leaders'
Bitcoin Sell-Off Could Be a Textbook 'Breakout and Retest' Play: Godbole
CEO of Binance on crypto market turbulence: 'A tactical retreat, not a reversal'
Bybit hack forensics show SafeWallet compromise led to stolen funds
Bitcoin News: U.S. Spot Bitcoin ETFs See Record Single-Day Outflow of Over $900M as Carry Trades Yield Less Than the 10-Year Treasury Note
How DeFAI can scale safely in the age of AI
CZ unveils crypto investment portfolio with a 98.5% allocation to BNB, 1.3% to BTC
New SEC Cyber Unit Closes Chapter on Agency's Crypto Enforcement Emphasis
SEC Launches Fraud Unit That Exploits Crypto, AI Enthusiasm
CZ on aid for Argentinian rug pull victims: 'Sent 150 BNB. Good luck'
CEO of AUSTRAC on non-AML compliant crypto exchanges: They 'can expect to hear from us'
Memecoin LIBRA in Argentina: A look back at a future state scandal? Crypto Dossier
U.S.-Listed Bitcoin Miners Are Growing Their Share of the Network Hashrate: Bernstein
Governor of Bank of Italy: Crypto 'regulatory divergences between the U.S. and Europe will need to be carefully assessed'
Blockchain Wars: BNB Chain Overtakes Solana and Ethereum in Daily Fees
Former prosecutor of DOJ: The corporate monitorship system is 'in dire need of reform'
ECB President: 'Bitcoin will not enter the reserves of any of the central banks of the General Council'
Web3/Crypto
Webp  45
Christine Lagarde, President of the European Central Bank (ECB) | ECB

Christine Lagarde, President of the European Central Bank (ECB), said that bitcoin will not be included in the eurozone’s central bank reserves due to concerns over liquidity and regulatory scrutiny. This announcement was made during an ECB press conference on January 30.

"There is a view around the table of the Governing Council and most likely the General Council as well that reserves have to be liquid," said Lagarde. "that reserves have to be secure, that they have to be safe, that they should not be plagued by the suspicion of money laundering or other criminal activities, And as a result, I'm confident that bitcoin will not enter the reserves of any of the central banks of the General Council."

The press conference followed the ECB's decision to implement a 25-basis-point interest rate cut, marking the fifth reduction since June 2024 as part of ongoing monetary policy easing. Lagarde addressed questions from journalists, outlining the ECB’s stance on reserve assets while reinforcing the importance of liquidity and security in central bank holdings. The discussion took place amid heightened global debate on Bitcoin’s role in national treasuries.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Lagarde mentioned concerns over money laundering and other illicit financial activities as reasons for excluding bitcoin from central bank reserves. According to Fortune, cryptocurrencies operate on transparent blockchains where all transactions are publicly recorded, allowing law enforcement agencies to trace illicit activities. The U.S. Department of Justice has used blockchain records to identify suspects, freeze illicit funds, and recover billions in bitcoin linked to darknet markets and ransomware operations.

According to the Financial Times, the United States’ evolving crypto policies are drawing business away from Europe, as industry leaders perceive a more favorable environment under the current U.S. administration. Meanwhile, the European Union’s Markets in Crypto-Assets (MiCA) regulation introduced stricter compliance requirements on December 30, increasing costs for startups and discouraging new businesses from launching in the EU.

Christine Lagarde is a French lawyer and politician who has served as President of the European Central Bank since 2019. Before this role, she was France’s finance minister (2007–2011) and later Managing Director of the International Monetary Fund (2011–2019). She has a background in law and international finance, having worked at Baker & McKenzie.

According to their website, the European Central Bank is responsible for managing the euro and implementing EU economic and monetary policy with the primary goal of maintaining price stability to support economic growth and job creation. Established in 1998 and headquartered in Frankfurt, Germany, it sets interest rates, manages foreign currency reserves, supervises financial institutions, and oversees euro banknote production.

More News

Tracking the latest price action across Bitcoin, Ethereum, Binance Coin, and more on March 28, 2025.

Mar 29, 2025

The Federal Financial Supervisory Authority (BaFin) has issued a warning regarding Profit Phantom, which is allegedly offering financial, investment, and crypto asset services without the necessary authorization.

Mar 29, 2025

Tracking today’s crypto price changes across Binance Coin, Bitcoin, Ethereum, and other key cryptocurrencies on March 27, 2025.

Mar 28, 2025

Rodrigo Coelho, Chief Executive Officer at Edge & Node, said that The Graph aims to decentralize Web3’s data infrastructure by indexing blockchain activity across more than 90 chains.

Mar 28, 2025

Rodrigo Coelho, Chief Executive Officer at Edge & Node, said that people in Argentina have turned to stablecoins and crypto-based tools to survive hyperinflation and protect their earnings.

Mar 28, 2025

Here’s how Bitcoin, Ethereum, Binance Coin, and other key cryptocurrencies performed on March 26, 2025.

Mar 27, 2025