European Central Bank President Christine Lagarde slapped down on Thursday a suggestion by her Czech colleague Ales Michl to include bitcoin among his country's official reserves.

Ales Michl, the governor of the Czech Republic's central bank, asked ECB's General Council to consider the addition of Bitcoin to the country's reserved assets, Reuters reported on Thursday. The country is part of the EU and has a seat on the ECB's general council.

Despite Bitcoin’s growing adoption, ECB President Christine Lagarde signaled Thursday that member states are unlikely to follow suit.

The Bitcoin price posted a slight loss after the ECB President said BTC will not enter the bank’s reserves and this ICO heads for $9 million.

The ECB cut rates by 25bps to 2.75%, with Lagarde signalling further easing if inflation declines. Growth risks persist amid weak confidence and geopolitical tensions. She ruled out Bitcoin as a reserve asset,

European Central Bank President Christine Lagarde expressed skepticism about adding Bitcoin to reserves due to its volatility and illicit finance ties. Despite Bitcoin's recent appreciation, European lawmakers remain hesitant, with the ECB able to influence member states' investment decisions through investigations and penalties.

The European Central Bank (ECB) has no intention of adding Bitcoin (CRYPTO: BTC) to its reserves, according to ECB President Christine Lagarde. Speaking after the central bank's latest interest rate adjustment,

ECB President Christine Lagarde ruled out Bitcoin as a reserve asset for the eurozone’s central banks, citing concerns over liquidity, security, and regulatory risks.

European Central Bank president Christine Lagarde said it’s improbable that any EU country will choose to add bitcoin to its monetary reserves.

CZ advocates for Bitcoin EU reserves, citing diversification and inflation hedge, while ECB expresses concerns over volatility and regulatory uncertainty.