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National Bank of Poland Rejects Bitcoin as National Reserve Asset

2 mins mins
National Bank of Poland Rejects Bitcoin as National Reserve Asset

Key Points:

  • The National Bank of Poland has ruled out adding Bitcoin to its reserves, citing security and stability concerns.
  • Poland’s reserves remain dominated by gold, U.S. dollars, and euros, with gold seen as a key asset amid economic uncertainty.

The National Bank of Poland (NBP) has ruled out the possibility of adding Bitcoin to its national reserves.

Read more: Hong Kong Bitcoin Reserve Pushes Crypto Adoption Faster 

National Bank of Poland Rejects Bitcoin as Reserve Asset

National Bank of Poland President and Monetary Policy Council Chairman Adam Glapiński confirmed the decision during a press conference, reiterating that the bank prioritizes absolute security in its reserve assets.

Poland’s reserves remain primarily composed of traditional assets, including gold, U.S. dollars, and euros, which are considered more stable and reliable. Glapiński dismissed Bitcoin as an option, citing its high volatility and unpredictability, which remain key concerns for central banks worldwide.

Bitcoin’s Volatility a Key Concern for Poland’s Central Bank

The NBP’s stance aligns with its historical caution regarding virtual currencies. In a 2017 statement, the central bank, alongside the Financial Supervision Authority, warned of the risks associated with cryptocurrencies, including potential financial losses due to theft, lack of guarantees, and price instability. Authorities reiterated that digital assets are neither issued nor backed by the central bank and do not qualify as legal tender.

While the National Bank of Poland remains firm in its rejection of Bitcoin, the upcoming presidential election in May 2025 could influence future policy directions. However, for now, the NBP remains committed to its cautious strategy, prioritizing well-established assets over emerging digital alternatives.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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John Kojo Kumi

08 February 2025, 04:16:00 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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