在歐盟中，比特幣的機構採用仍然遲鈍

儘管總統唐納德·特朗普（Donald Trump）3月7日的行政命令概述了在刑事案件中扣押的加密貨幣的計劃，以創建聯邦比特幣（BTC）儲備金

The institutional adoption of Bitcoin in the European Union remains slow, even as the United States moves forward with landmark cryptocurrency regulations that appear to be setting up BTC as a national reserve asset.

即使美國通過具有里程碑意義的加密貨幣法規前進，在歐盟中，比特幣的機構採用仍然很慢，這些法規似乎正在將BTC設立為國家儲備資產。

Now, more than three weeks after President Donald Trump’s March 7 executive order outlined plans to use cryptocurrency seized in criminal cases to create a federal Bitcoin reserve, European companies have largely remained silent on the issue.

現在，在總統唐納德·特朗普（Donald Trump）3月7日的行政命令概述了使用刑事案件中扣押的加密貨幣創建聯邦比特幣儲備的計劃之後的三個多星期，歐洲公司基本上對此問題保持沉默。

The stagnation may stem from Europe’s complex regulatory regime, according to Elisenda Fabrega, general counsel at Brickken, a European real-world asset (RWA) tokenization platform.

歐洲現實世界中資產（RWA）象徵化平台Brickken的總法律顧問Elisenda Fabrega表示，停滯可能源於歐洲複雜的監管制度。

“European corporate adoption remains limited,” Fabrega told Cointelegraph, adding:

法布雷加對Cointelegraph表示：“歐洲公司的採用仍然有限。”

Bitcoin’s economic model favors early adopters, which may pressure more investment firms to consider gaining exposure to BTC. The asset has outperformed most major global assets since Trump’s election despite a recent correction.

比特幣的經濟模式有利於早期採用者，這可能會給更多的投資公司施加壓力，要求其考慮接觸BTC。自最近進行了更正，自特朗普當選以來，該資產表現出色。

Asset performance since Trump’s election victory. Source: Thomas Fahrer

自特朗普大選勝利以來的資產表現。資料來源：托馬斯·法勒（Thomas Fahrer）

Despite Trump’s executive order, only a small number of European companies have publicly disclosed Bitcoin holdings or crypto services. These include French banking giant BNP Paribas, Swiss firm 21Shares AG, VanEck Europe, Malta-based Jacobi Asset Management and Austrian fintech firm Bitpanda.

儘管特朗普的行政命令，但只有少數歐洲公司公開披露了比特幣控股或加密服務。其中包括法國銀行業巨頭法國國民黨Paribas，瑞士公司21Shares AG，​​Vaneck Europe，總部位於馬耳他的Jacobi Asset Management和奧地利金融科技公司Bitpanda。

A recent Bitpanda survey suggests that European financial institutions may be underestimating crypto investor demand by as much as 30%.

Bitpanda最近的一項調查表明，歐洲金融機構可能低估了加密貨幣投資者的需求多達30％。

Related: Friday’s US inflation report may catalyze a Bitcoin April rally

相關：星期五的美國通貨膨脹報告可能會催化比特幣四月集會

Europe’s ‘fragmented’ regulatory landscape lacks clarity

歐洲的“分散”監管景觀缺乏清晰度

The EU’s slower adoption appears tied to its patchwork of regulations and more conservative investment mandates, analysts at Bitfinex told Cointelegraph. “Europe’s institutional landscape is more fragmented, with regulatory hurdles and conservative investment mandates limiting Bitcoin allocations.”

Bitfinex的分析師告訴Cointelegraph，歐盟的採用率似乎與其法規的拼湊和更保守的投資規定有關。 “歐洲的機構格局更加分散，監管障礙和保守投資要求限制比特幣分配。”

“Additionally, European pension funds and large asset managers have been slower to adopt Bitcoin exposure due to unclear guidelines and risk aversion,” they added.

他們補充說：“此外，由於指南不明確，歐洲養老基金和大型資產經理採用比特幣的暴露速度較慢。”

Related: Bitcoin ‘more likely’ to hit $110K before $76.5K — Arthur Hayes

相關：比特幣“更有可能”在76.5k美元之前售價11萬美元 - 亞瑟·海斯（Arthur Hayes）

Beyond the fragmented regulations, European retail investor appetite and retail participation are generally lower than in the US, according to Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo.

數字資產投資平台Nexo的Dispatch分析師Iliya Kalchev表示，除了分散的法規外，歐洲散戶投資者的食慾和零售參與通常低於美國。

Europe is “generally more conservative in adopting new financial instruments,” the analyst told Cointelegraph, adding:

該分析師告訴Cointelegraph，補充說：

iShares Bitcoin ETP listings. Source: BlackRock

ishares比特幣ETP列表。資料來源：黑石

BlackRock, the world’s largest asset manager, launched a Bitcoin exchange-traded product (ETP) in Europe on March 25, a development that may boost institutional confidence among European investors.

貝萊德（Blackrock）是世界上最大的資產經理，於3月25日在歐洲推出了比特幣交易所交易產品（ETP），這一發展可能會增強歐洲投資者的機構信心。