National Bank of Poland Rejects Bitcoin as a Reserve Asset

• The National Bank of Poland ruled out incorporating Bitcoin into its reserves. 
• Poland’s regulatory chief emphasized that Bitcoin fails to meet security requirements. 
• According to a report, Poland’s official reserve assets stood at $225.4B in January 2025. 

The National Bank of Poland has refused to hold Bitcoin in its reserve under any circumstances, citing security concerns. In his X post, financial analyst Jacob King, stated that the decision was taken as the regulator’s chief emphasized that Bitcoin does not meet security criteria. 

Adam Glapiński, the Monetary Policy Council Chair, emphasized that the crypto does not meet security standards and stated that the central bank’s priority is to maintain robust security in its reserve assets. Further, he added that Poland continues to prioritize traditional assets like gold, U.S. dollars, and euros, preferring them to be in the reserves. 

Poland’s Stance on Bitcoin

The NBP’s decision stems from Bitcoin’s volatility and unpredictability, concerns shared by many central banks worldwide. Meanwhile, Poland’s approach to reserves continues to emphasize traditional, reliable assets, especially gold, which has increased in value amid global economic uncertainty. 

As of January 2025, Poland’s reserve assets reached EUR 217.1 billion, marking a 22.1% increase within a year. This increase, alongside Poland’s rejection of Bitcoin reserves, highlights its focus on preserving capital and ensuring financial stability and risk management

Although the decision has disappointed crypto enthusiasts, many are hopeful that the policy would change with the upcoming elections in May. Sławomir Jerzy Mentzen, a pro-crypto candidate, has voiced his opinion on creating a Bitcoin reserve in Poland. 

Related article: Pro-Crypto Policies Under Trump Fuel Bitcoin Reserve Hope

While Poland remains cautious, Germany is taking a different approach towards cryptocurrency. With its recent parliamentary win, the Free Democratic Party (FDP) adopted a pro-crypto stance, signaling a potential shift in its regulatory environment. The FDP’s manifesto highlighted several key points to enhance the market in the country. One of its main priorities is to modernize financial market oversight while maintaining proportional and competitive regulatory standards. 

Meanwhile, the Alternative for Germany party (AfD) is pushing for a crypto-friendly community. The party is calling for fewer restrictions on Bitcoin, crypto trading, and digital wallets and is ranked second in polls, according to Polymarket predictions.

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