Europe Makes Expected Bitcoin Reserve Announcement After the USA! Will They Add It? - Coin Bulletin

While efforts to recognize Bitcoin as an official reserve asset in the United States gain momentum, ECB President Christine Lagarde has categorically stated that Bitcoin will not be included in the European Union's reserves.

European Central Bank (ECB) President Christine Lagarde categorically stated that Bitcoin will not be included in the European Union's reserves. Speaking to Bloomberg, Lagarde emphasized the importance of reserve assets being liquid, secure, and safe and the significance of a financial system that is not overshadowed by money laundering concerns.

This statement comes at a time when the number of states in the US accepting Bitcoin as a reserve is rapidly increasing. Christine Lagarde's statement that Bitcoin will not be included in European reserves further highlights the ongoing global debate about whether Bitcoin will be accepted as a reserve asset.

Finally, the state of Illinois has advanced a bill that would hold Bitcoin as a treasury asset. According to the bill, Bitcoin assets will be held for at least five years and can be used according to the state's financial plans after that.

Illinois is not the only state to take this step. States such as Arizona, Texas and Utah have also begun to consider Bitcoin as a reserve.