news 
Germany’s Central Bank Takes a Firm Stance Against Bitcoin, Advocates for the Creation of a Digital Euro
The president of the Deutsche Bundesbank, Joachim Nagel, has publicly expressed his skepticism towards the idea of using Bitcoin as a reserve asset for central banks. In a recent OMFIF lecture, Nagel emphasized that Bitcoin is not a true currency, rather an asset class. He further stated that Bitcoin does not meet the liquidity and security requirements that central banks demand for their reserves.
Nagel’s sentiments are in line with those of his institution, which has consistently been dismissive of the potential benefits of Bitcoin as a reserve asset. However, this stance is at odds with the views of some other central bankers who have expressed interest in diversifying their assets into cryptocurrencies like Bitcoin.
The Bundesbank has not lost sight of its goals and continues to push for the creation of a digital euro. Nagel sees CBDCs (Central Bank Digital Currencies) as a crucial tool in ensuring the resilience of the financial system, positioning them as a public good that central banks must provide.
Source: http://www.crypto-news-flash.com
