Poland’s Central Bank Rejects Bitcoin for Reserves, Citing Security Concerns: Report Hassan Shittu | usagoldmines.com

Poland’s National Bank (NBP) has firmly dismissed any possibility of adding Bitcoin to its national reserves, citing concerns over security and stability.

NBP President and Monetary Policy Council Chairman Adam Glapiński made the announcement during a press conference, reaffirming that the central bank’s priority is maintaining absolute security in its reserve assets.

As Glapiński stated: “We will not consider Bitcoin under any circumstances, as reserves must be absolutely secure.”

Instead, Poland’s reserves continue to be held predominantly in traditional assets such as gold, U.S. dollars, and euros, with a strategic focus on financial stability.

Political Shift: Could Poland’s Stance on Bitcoin Change?

Poland’s approach to reserves has emphasized tangible and historically reliable assets, especially gold, which has appreciated in value amid global economic uncertainty.

The NBP’s decision is largely due to Bitcoin’s volatility and unpredictability, which remain major concerns for central banks worldwide.

According to NBP, as of the end of January 2025, Poland’s official reserve assets stood at EUR 217.1 billion, or USD 225.4 billion in US dollar terms, an increase of over 22.1% year over year.

While many in the crypto community have criticized this, the NBP’s rejection of Bitcoin was voiced as part of a broader risk management strategy.

Although the current leadership at Poland’s central bank rejects Bitcoin as a reserve asset, the upcoming Polish presidential election in May 2025 could introduce a shift in policy

Sławomir Mentzen, a candidate for Confederation (Konfederacja), has pledged to turn Poland into a “cryptocurrency haven” if elected.

Mentzen’s platform includes the creation of a strategic Bitcoin reserve, signaling a potential shift in Poland’s economic and financial policy direction.

As of November last year, his party held 18 seats in Poland’s 460-seat parliament. Recent polls show it running third, with around 12% support.

Should Mentzen gain traction and secure the presidency, Poland’s crypto policy may diverge sharply from the NBP’s current position, potentially bringing Bitcoin into the country’s financial framework.

Broader European Rejection Amid Global Recognition

Poland’s decision aligns with the broader European stance on Bitcoin in national reserves.

On January 30, European Central Bank (ECB) President Christine Lagarde reaffirmed that Bitcoin would not be included in any central bank reserves under the ECB’s General Council.

Lagarde’s comments came after Czech National Bank Governor Aleš Michl suggested exploring Bitcoin as a reserve asset.

However, following discussions with Lagarde, Michl agreed that central bank reserves should be “liquid, secure, and safe,” insinuating that Bitcoin isn’t any of those.

Other European central banks, including those in Romania and Poland, have echoed similar sentiments, dismissing cryptocurrencies as high-risk assets.

The U.S. Federal Reserve has also maintained its stance against Bitcoin. Chair Jerome Powell stated earlier that the U.S. central bank is not permitted to hold the cryptocurrency.

However, Powell’s stance has become lenient following President Donald Trump’s inauguration.

Powell himself confirmed that banks are “perfectly able” to serve crypto clients, which means they can offer crypto.

Despite the rejections from Europe, President Donald Trump has proposed an ambitious crypto strategy that includes a potential national cryptocurrency stockpile and support for globally available stablecoins pegged to the U.S. dollar.

His pro-crypto stance has influenced several U.S. states to explore Bitcoin reserves.

Maryland became the 17th state to file for a strategic Bitcoin reserve today.

However, all eyes remain on Poland’s upcoming election, where a change in leadership could reshape the country’s reserve policies and potentially usher in a new era for Bitcoin adoption.

The post Poland’s Central Bank Rejects Bitcoin for Reserves, Citing Security Concerns: Report appeared first on Cryptonews.

This articles is written by : Nermeen Nabil Khear Abdelmalak

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