ECB will not consider Bitcoin for reserves due to security concerns

From Investing.com

January 30, 2025 12:09:30 PM:

The European Central Bank has stated that it will not be considering Bitcoin as a potential reserve currency due to security concerns. This decision comes as Bitcoin continues to gain popularity and acceptance in various industries, despite facing scrutiny from regulatory bodies and financial institutions. The ECB’s stance on Bitcoin highlights the ongoing debate surrounding the digital currency’s legitimacy as a store of value.

Read more at Investing.com: ECB rejects Bitcoin for reserves, cites security concerns