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ECB President Christine Lagarde ‘confident’ Bitcoin will not enter EU central bank reserves

Christine Lagarde stated that Bitcoin is inappropriate for storage in eurozone reserves, highlighting issues surrounding liquidity and security. She conveyed the necessity for reserves to maintain integrity, devoid of concerns regarding money laundering.

The ECB cut its key interest rate to 2.75% as part of a continued strategy of monetary easing since June 2024. In the past 24 hours, Bitcoin’s value rose by 3%, trading near 105,000 USD, reflecting increased market interest.

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