Central Bank Poland Rules Bitcoin for reserves

The Polish National Bank has firmly ruled the possibility of including Bitcoin in its currency reserves, quoting significant safety concerns.

The President of the NBP President and President of Monetary Policy Adam Glapinically emphasized the necessity of absolute security in spare property during the recent press conference, toward to a warrior business journal.

He stated: “We will not consider Bitcoin under any circumstances, because reserves must be absolutely safe.”

Currently, NBP reserves mainly maintain in gold, US dollars and euros, with other assets playing a smaller role.

Glapinski pointed out the strategic time of transmitting the Polish gold acquisition, noting that their value was significantly increased in the middle of global economic insecurities. Stressed in bitcoin (Btc) Well documented instability and unpredictability as the basic reasons for exclusion from the reserves of the nation.

Caution NBP according to Bitcoin

The Careful Attitude of NBP on Bitcoin is aligned with its historical position. In 2017 years statementThe NBP and financial surveillance authorities warned the risks associated with virtual currencies, including potential loss due to theft, lack of warranties and high price volatility.

They reiterated that virtual currencies are not issued or guarantee the central bank and do not meet the criteria for the legal agent.