Despite the recent opinions of the European Central Bank President Christine Lagarde, the possibility of Bitcoin reserves owned by the European Central Bank has increased, despite the dismissal of assets.
The Czech National Bank has approved the study to evaluate how BTC (BTC) is a preliminary asset according to the proposal of CNB Governor Aleš Michl.
Previously, MICHL argued that banks should diversify their investment portfolios and allocate funds to alternative asset classes including Bitcoin. His proposal proposed to allocate CNB’s € 140 billion ($ 145.6 billion) to BTC. After approving Michl’s research, CNB announced on January 30, “Based on the analysis results, the bank board will decide how to proceed.
Michl’s idea has gained traction in CNB, but the best bank official in Europe is still not sure. In line with the decision of CNB, CHRISTINE LAGARDE, chairman of the ECB, said that the EU central bank will not adopt Bitcoin as a preliminary asset.
In particular, the Czech Republic is an EU member, but it does not use the euro as an official currency.
The concept of state and institutional bitcoin reserves is gaining momentum after Europe and later. In the United States, President Trump and some members have worked on the laws that aim to establish a strategic BTC protection zone.
In the United States, the US government joined the competition as about 12 jurisdictions introduced a law to purchase BTC for taxpayers.