While the US government is working on plans for a digital currency reserve under President Donald Trump, the European Central Bank is a little more careful in this question.
Currency reserves must be safe, liquid and protected, said ECB Baas Christine Lagarde on Thursday during a press conference. “You should also not be plagued by the suspicion of money laundering or other criminal activities,” she added with a view to cryptocurrencies such as Bitcoin.
Lagarde does not assume that bitcoins will be reached in the reserves of the central banks of the Euro countries. The explained Crypto fan Trump, on the other hand, ordered the formation of a working group for digital assets. It should check by July whether the US government should create a strategic bitcoin reserve.
Pendant in Germany
In Germany, FDP -Baas Christian Lindner speaks for such a reserve. “Crypto assets are now making an important part of global wealth growth,” said the former finance minister. “In the United States, even it becomes of the opinion that the central bank will accept it in its reserve. Frankfurt should also check that, “Lindner continued. Germany and Europe cannot be hung here again.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
