European legislators remained noiseless about the American strategic order of the Bitcoin reserve, a breakthrough change in policy conducive to early Bitcoin users due to the economic model.
US President Donald Trump from March 7 ordered a plan to create a Bitcoin reserve using cryptocurrency confiscated in criminal matters, not the purchase of Bitcoins (BTC) on the market.
Despite the importance of this movement, European decision -makers have not yet made any stern public statements regarding Bitcoin reserves, asking questions about their position on BTC integration with national reserves.
According to Anastasija Plotnicova, co -founder and general director Fideum Fideum Fideum Fideum, this may signal the lack of European efforts related to the Bitcoin reserve due to the long process of adding fresh reserve assets, according to Anastasija Plotnikova, co -founder and general director of the Blockchain regulatory company. She said:
“There is usually a very clear legislative or executive process in adding various assets to national treasurers, and in many cases it is not support for voters or a central bank to exceed it.”
“[The] EBC [European Central Bank] Historically and is currently very critical of BTC as reserve assets, so it effectively closes the door to all EU Member States, “added Plotnikova.
Meanwhile, European legislators are preparing to launch a digital euro, the currency of the Digital Central Bank (CBDC).
Related: Bitcoin USA booking “real step” towards global financial integration
Digital Euro Push presents concerns regarding payment infrastructure
According to James WO, the founder of the Venture Capital company, the silence of legislators on the order of Bitcoin Trump reserves is probably caused by its focus on the digital euro.
“This is due to the decisive ECB position against keeping Bitcoin in his reserves, as President ECB Christine Lagarde repeated,” said Wo Cointelegraph, adding:
“This emphasizes the greater EU emphasis on the digital euro, although the recent failure in the EBC target payment system (T2), which caused significant transaction delays, raised concerns about its ability to supervise the digital currency when she is struggling with everyday operations.”
Related: Bitcoin Reserve Replash Signal Unrealistic industry expectations
European legislators are ahead of the digital launch of the euro for October 2025
Despite skepticism, the President of ECB Christine Lagarde rises forward with the digital implementation of the euro, expected in October 2025. Lagarde emphasized that CBDC will coexist with cash and offers privacy protection to solve problems related to excessive government reach.
“The European Union wants to launch a digital euro, our digital currency of the Central Bank, until October this year,” said Lagarde during a press conference, adding:
“We are working to make sure that the digital euro coexists with cash, dealing with privacy problems, making it a nickname and nature reminiscent of cash.”
Source: Cointelegraph
The United States and the European Union accept the opposite approach to digital assets. While the EU is working on integrating the centralized digital currency, Trump took a definite position against CBDCS.
While CBDCs were praised for their potential to enhance financial integration, critics aroused concerns about their possibilities of supervision and potential of excessive prejudice of the government.
In July 2023, the Central Bank of Brazil published a source code for its CBDC pilot, and people took only four days to notice the mechanisms of supervision and control set in its code, enabling the central bank to freeze or reduce user funds in CBDC portfolios.
https://www.youtube.com/watch?v=av7xioy4zvc
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