European Central Bank President Christine Lagarde ruled out the idea of European banks holding bitcoin in treasuries this week, stating, “Bitcoins will not enter the reserves of any of the central banks of the General Council [of the European Central Bank].

The ECB cut rates by 25bps to 2.75%, with Lagarde signalling further easing if inflation declines. Growth risks persist amid weak confidence and geopolitical tensions. She ruled out Bitcoin as a reserve asset,

Despite Bitcoin’s growing adoption, ECB President Christine Lagarde signaled Thursday that member states are unlikely to follow suit.

Ales Michl, the governor of the Czech Republic's central bank, asked ECB's General Council to consider the addition of Bitcoin to the country's reserved assets, Reuters reported on Thursday. The country is part of the EU and has a seat on the ECB's general council.

ECB President Christine Lagarde ruled out Bitcoin as a reserve asset for the eurozone’s central banks, citing concerns over liquidity, security, and regulatory risks.

European Central Bank President Christine Lagarde expressed skepticism about adding Bitcoin to reserves due to its volatility and illicit finance ties. Despite Bitcoin's recent appreciation, European lawmakers remain hesitant, with the ECB able to influence member states' investment decisions through investigations and penalties.

European Central Bank President Christine Lagarde slapped down on Thursday a suggestion by her Czech colleague Ales Michl to include bitcoin among his country's official reserves.