European Central Bank (ECB) President Christine Lagarde came forward against adding Bitcoin to the currency reserves of the European Union countries and expressed confidence that the asset will not be included in the balance sheets of central banks.
She noted that both the Governing Council and the ECB Executive Board shared her view that assets included in reserves should be liquid, reliable, completely secure and not subject to suspicions of money laundering or other activities.
Christine Lagarde expressed her point of view in response to the decision of the head of the Czech National Bank, Ales Michla submit a plan to invest at least 5% of the regulator's reserves in Bitcoin .
Lagarde confirmed that she had spoken to Mikhal about this and stressed that he had the right to make statements regarding the first cryptocurrency, but it must be understood that central banks must have exclusively liquid and secure reserves.
Michl presented his plan at a meeting of the Czech National Bank on January 30, 2025, after which the central bank was supposed to conduct a study and weigh all the risks associated with including Bitcoin in its reserves. The final decision was positive .
