The Central Bank of Poland (NBP) completely rejected the possibility of adding Bitcoin to national reserves. The bank explained that the biggest reason behind this decision is security and stability concerns.
Adam Glapiński, President of the NBP and Chairman of the Monetary Policy Council, emphasized at the press conference that the central bank's top priority is to ensure absolute security of reserve assets. Glapiński said, “We will never consider Bitcoin under any circumstances, because reserves must be absolutely secure.”
Poland continues to build its reserves on traditional assets. The country's foreign exchange reserves primarily consist of assets such as gold, U.S. dollars, and euros. The central bank rejects volatile and unpredictable assets like Bitcoin in line with its strategy to maintain financial stability.
Can Political Change Alter Poland's Perspective on Bitcoin?
Poland prioritizes historically reliable and tangible assets in terms of reserve assets. Especially aiming to provide protection by increasing gold reserves during periods of global economic uncertainty.
The decision of the NBP not to add Bitcoin to reserves is not unique to Poland. Many central banks around the world do not include this asset in their national reserves due to Bitcoin's extreme price volatility and uncertainty.
As of January 2025, Poland's official reserve assets reached 217.1 billion euros and 225.4 billion dollars, experiencing an annual increase of 22.1%.
While the cryptocurrency community criticizes the Polish Central Bank's stance against Bitcoin, the bank states that this rejection is seen as part of its risk management strategy.
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There is No Place for Bitcoin: Harsh Statement from the Central Bank! - Coin Bulletin
The Central Bank of Poland (NBP) completely rejected the possibility of adding Bitcoin to national reserves. The bank explained that the biggest reason behind this decision is security and stability concerns.
Adam Glapiński, President of the NBP and Chairman of the Monetary Policy Council, emphasized at the press conference that the central bank's top priority is to ensure absolute security of reserve assets. Glapiński said, “We will never consider Bitcoin under any circumstances, because reserves must be absolutely secure.”
Poland continues to build its reserves on traditional assets. The country's foreign exchange reserves primarily consist of assets such as gold, U.S. dollars, and euros. The central bank rejects volatile and unpredictable assets like Bitcoin in line with its strategy to maintain financial stability.
Can Political Change Alter Poland's Perspective on Bitcoin?
Poland prioritizes historically reliable and tangible assets in terms of reserve assets. Especially aiming to provide protection by increasing gold reserves during periods of global economic uncertainty.
The decision of the NBP not to add Bitcoin to reserves is not unique to Poland. Many central banks around the world do not include this asset in their national reserves due to Bitcoin's extreme price volatility and uncertainty.
As of January 2025, Poland's official reserve assets reached 217.1 billion euros and 225.4 billion dollars, experiencing an annual increase of 22.1%.
While the cryptocurrency community criticizes the Polish Central Bank's stance against Bitcoin, the bank states that this rejection is seen as part of its risk management strategy.