The European Central Bank's recent statements have once again clarified its stance on Bitcoin. According to the ECB's official position, Bitcoin will not be included in the EU banks' foreign exchange reserve system for the time being. The logic behind this decision is straightforward—central banks' reserve assets must meet two strict requirements: first, ensuring the safety and reliability of funds; second, effectively preventing money laundering and illegal activity risks.
From a regulatory perspective, although Bitcoin's market acceptance as a crypto asset is increasing, its volatility and anti-money laundering compliance framework remain concerns for traditional financial institutions. The EU's stance reflects a cautious attitude within the mainstream financial system towards digital asset risk management. However, this also implies that as the crypto industry advances its compliance efforts, there is still room for future policy adjustments. In the short term, such regulatory signals will continue to influence institutional investors' considerations regarding digital asset allocation.
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RiddleMaster
· 11h ago
Uh... it's the same old "security risk" rhetoric. Anyway, the central bank just doesn't want to move BTC.
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Don't come until the compliance framework is in place. When the time comes, they will also need to get on board.
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Volatility? Look at the euro over the past two years... hilarious.
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There is plenty of regulatory space; it just depends on who breaks first.
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ECB's attitude should have been expected two years ago; it's a bit late to mention it now.
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I believe in anti-money laundering measures, and I also believe in institutional entry.
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Wait and see, it's only a matter of time. It's not as far-fetched as you think.
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AirdropDreamer
· 11h ago
Wait, the central bank is worried about volatility if it doesn't include reserves? But gold has been fluctuating for thousands of years...
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DaisyUnicorn
· 11h ago
Ha, the ECB still sticks to the old reasons—security, anti-money laundering... When will the daisies in our garden catch the eye of these antique-level financial institutions?
Actually, the more cautious they are, the better. It gives us more time to nurture the flower of compliance to be more beautiful. When the time comes, they might be caught off guard.
But as for volatility, it really is Bitcoin's Achilles' heel, or are they just afraid of changing the status quo... From a unicorn perspective, it seems more like they're just making excuses.
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OffchainOracle
· 11h ago
This is outrageous. The ECB is still obsessing over risk management. Why not talk about their own inflation risks?
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Huh? Volatility? Laughable. Fiat currency devaluation is the real volatility, alright?
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Compliance, compliance. Always compliance. When will they actually take action?
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Nice words, but actually they just don't dare to touch it. By the time they react, the opportunity will be gone.
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This is the common problem of traditional finance—always one step behind.
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Alright then, we'll just keep playing on our own. Let them regret it later.
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Is there room for growth in the future? Yeah right, that's just a polite way of saying "no thanks."
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AlphaBrain
· 11h ago
They're starting with the same old rhetoric again, "security" and "anti-money laundering." Basically, they haven't figured out how to position BTC yet.
Speaking of compliance, if they really want to get serious, Europe will have to keep up, or they'll be left behind by other regions.
Wait, isn't this just the reason for how they got in later? Now they're pushing and shoving, and once compliance is in place, they'll turn it into strategic reserves. That's hilarious.
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WalletDivorcer
· 11h ago
It's 2024 and you're still talking about volatility, using the old-fashioned reasons from traditional finance.
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Good words are cautious; harsh words are just fear.
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They'll regret it when they realize their country's currency is devaluing.
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Compliance construction is in progress... I wonder how many times they've said that.
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If the European Central Bank keeps doing this, they'll be eventually beaten by history, mark my words.
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It doesn't matter; they can't decide my wallet anyway.
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Here we go again, every time there's regulatory news, it's the same rhetoric. I'm tired.
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It's just political considerations outweighing economic ones.
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I want to see how they'll talk when BTC's market cap surpasses their GDP.
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Still worried about security, huh? Cold wallets are actually more secure than their banking systems, alright?
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ColdWalletGuardian
· 11h ago
Hi, isn't this just the old way of traditional finance? Talking about compliance and risk, but actually just afraid of being disrupted.
Wait, wait, wait, they are now gradually acknowledging the compliance efforts in the crypto industry. What does this mean... Is there room for future policies?
Is volatility really a problem? The US dollar is also depreciating. But I am optimistic about this direction; sooner or later, it will be accepted.
The European Central Bank's recent statements have once again clarified its stance on Bitcoin. According to the ECB's official position, Bitcoin will not be included in the EU banks' foreign exchange reserve system for the time being. The logic behind this decision is straightforward—central banks' reserve assets must meet two strict requirements: first, ensuring the safety and reliability of funds; second, effectively preventing money laundering and illegal activity risks.
From a regulatory perspective, although Bitcoin's market acceptance as a crypto asset is increasing, its volatility and anti-money laundering compliance framework remain concerns for traditional financial institutions. The EU's stance reflects a cautious attitude within the mainstream financial system towards digital asset risk management. However, this also implies that as the crypto industry advances its compliance efforts, there is still room for future policy adjustments. In the short term, such regulatory signals will continue to influence institutional investors' considerations regarding digital asset allocation.