Key Takeaways
- EU lawmakers haven’t responded to Trump’s Bitcoin reserve order.
- The ECB stays against Bitcoin as a reserve asset.
- The digital euro is ready for launch in October 2025.
European policymakers have but to answer US President Donald Trump’s March 7 government order establishing a Bitcoin reserve.
The order directs authorities to carry seized Bitcoin relatively than promoting it, a transfer seen as favoring early Bitcoin adoption.
Lack of public statements
Regardless of its potential significance, European lawmakers haven’t made any public statements concerning the mixing of Bitcoin into nationwide reserves.
Anastasija Plotnikova, CEO of blockchain regulatory agency Fideum, famous that including new belongings to nationwide treasuries usually includes a prolonged legislative course of.
She added that the European Central Financial institution (ECB) stays extremely vital of Bitcoin as a reserve asset, successfully blocking EU member states from following the US strategy.
Concentrate on digital euro
As an alternative of Bitcoin reserves, EU policymakers are targeted on the digital euro.
ECB President Christine Lagarde confirmed that the central financial institution digital forex (CBDC) is scheduled for launch in October 2025.
Lagarde assured that the digital euro will coexist with money and supply privateness protections.
Nonetheless, considerations persist over authorities management, particularly after a latest outage within the ECB’s Goal 2 (T2) fee system disrupted transactions.
Contrasting approaches
The contrasting approaches spotlight a broader divide: the US is embracing Bitcoin reserves, whereas the EU prioritizes centralized digital currencies.