European Central Bank President Christine Lagarde expressed skepticism towards Bitcoin, stating that its volatility and ties to illicit finance make it unsuitable as a reserve asset for central banks. Lagarde's comments highlight ongoing skepticism towards Bitcoin among European lawmakers, despite its recent appreciation and increased adoption by governments and institutions in the Americas. While the European Central Bank cannot prohibit member states from investing in Bitcoin directly, it can exert influence through investigations, sanctions, and administrative penalties. Bitcoin's price has surged by 150% over the past year, attracting institutional investment and prompting some US states to consider establishing their own Bitcoin reserves. There is some warming up to Bitcoin among government officials in Italy and the Czech Republic, but the adoption of Bitcoin by European nations still faces strong opposition.



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