Related: US Bitcoin reserve marks ‘real step’ toward global financial integrationDigital euro push presents payment infrastructure concernsEuropean lawmakers’ silence on Trump’s Bitcoin reserve order is likely due to its focus on the digital euro, according to James Wo, the founder and CEO of venture capital firm DFG.“This stems from the ECB’s firm stance against holding Bitcoin in its reserves, as reiterated by ECB President Christine Lagarde,” Wo told Cointelegraph, adding:“This highlights the EU’s greater emphasis on the digital euro, though the recent outage in the ECB’s Target 2 (T2) payment system, which caused significant transaction delays, raised concerns about its ability to oversee a digital currency when it struggles with daily operations.”Related: Bitcoin reserve backlash signals unrealistic industry expectationsEuropean lawmakers push ahead with digital euro launch for October 2025Despite skepticism, ECB President Christine Lagarde is pushing ahead with the digital euro’s rollout, expected in October 2025.
Lagarde has emphasized that the CBDC will coexist with cash and offer privacy protections to address concerns about government overreach.“The European Union is looking to launch the digital euro, our central bank digital currency, by October this year,” Lagarde said during a news conference, adding:“We are working to ensure that the digital euro coexists with cash, addressing privacy concerns by making it pseudonymous and cash-like in nature.”Source: CointelegraphThe United States and the European Union are taking opposite approaches to digital assets.
She said:“Usually there is a very clear legislative or executive process in adding different assets to the national treasuries, and in many cases, it is not an active voter or central bank support to push this through.”“[The] ECB [European Central Bank] historically and currently is very critical of BTC as a reserve asset, so it effectively closes the doors to all EU member states,” Plotnikova added.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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