The National Bank of Poland will never acquire holding Bitcoin resources” under any circumstances”, according to the main company’s chairman, Adam Glapiński.
Speaking at a press conference, Glapiński said that a given commodity “must be totally safe” for the NBP to contemplate adding it to its resources.
Glapiński compared Bitcoin unfavourably to gold, which he says helped the company’s deposits increase in value by 22 % last year.
However, the NBP’s leader didn’t completely ignore the cryptocurrency, noting that” there is a bit to be said about Bitcoin”, even if his bank doesn’t think it could serve as a “permanent, healthy factor” of its assets.
” You can buy a bit and get a lot, as well as lose a lot”, he said. ” Nevertheless, we prefer everything certain”.
According to advocacy groups supporting the concept of Crypto reserves, Matthew Pines, a National Security Fellow at the Bitcoin Policy Institute, central banks are typically traditional institutions by style, which isn’t surprising.
” Their constitutional mandate is frequently very thin: stable prices, full career, and economic stability”, he says. They also believe that the state grants them the right to concern state-backed money, and that they are essentially republic.
Despite the current opposition, Glapiski’s notes come a week after the Czech Central Bank approved a request to investigate potential investment in BTC.
The Czech Central Bank approved a plan to look into the possibility of investing in BTC, according to Glapiski’s comment a week later.
The study, which is scheduled to be released by August or September, has met with some resistance in Czechia, with Zbyn Stanjura, the country’s finance minister, saying he would never recommend a national Bitcoin supply and that he occasionally instructs his” acquaintances not to think out loud on the camera.”
For criticism forced the central bank’s lieutenant governor, Eva Zamrazilová, to come out with people explanations, stating on Bohemian TV that the review may consider other investments in addition to Bitcoin.
Zamrazilová appeared to have abandoned previous claims that the Czech Central Bank might invest up to 5 % of its resources in Bitcoin.
She continued,” Such a plan has never been discussed by the Bank Board,” adding that the research is more of an inquiry than a guideline for coverage.
The possibility of Bitcoin deposits has also drawn criticism from the European Central Bank, with Christine Lagarde, ECB president, just criticizing BTC in much the same manner as Adam Glapiski.
” There is a view around the table of the governing council [ …] that reserves have to be liquid, that reserves have to be secure, that they have to be safe”, she said at a press conference.
However, the mere mention of central banks discussing Bitcoin in this environment may indicate a significant climate change, with noises in Europe arising from the more recent development of a corporate US Bitcoin reserve.
President Donald Trump established a working class to look into creating a BTC supply shortly after taking office, and he has since called for the establishment of a sovereign wealth fund.
Almost a third of US states are currently reviewing legislation to establish their own Cryptocurrency resources, with Utah recently introducing a bill to its republic that had amend it.
And in Matthew Pines ‘ view, for progress won’t get “at all become impacted” by disapproval in Poland and the wider German region, with the US probably more interested in keeping pace with more Bitcoin-friendly jurisdictions.
He claims that the US is keeping an eye on the situation as other countries, particularly those in the Gulf and Asia, view Bitcoin as a national asset.
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