在欧盟中，比特币的机构采用仍然迟钝

尽管总统唐纳德·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货币的计划，以创建联邦比特币（BTC）储备金

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.

即使美国通过具有里程碑意义的加密货币法规前进，在欧盟中，比特币的机构采用仍然很慢，这些法规似乎正在将BTC设立为国家储备资产。

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.

现在，在总统唐纳德·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货币创建联邦比特币储备的计划之后的三个多星期，欧洲公司基本上对此问题保持沉默。

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.

欧洲现实世界中资产（RWA）象征化平台Brickken的总法律顾问Elisenda Fabrega表示，停滞可能源于欧洲复杂的监管制度。

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

法布雷加对Cointelegraph表示：“欧洲公司的采用仍然有限。”

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.

比特币的经济模式有利于早期采用者，这可能会给更多的投资公司施加压力，要求其考虑接触BTC。自最近进行了更正，自特朗普当选以来，该资产表现出色。

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

自特朗普大选胜利以来的资产表现。资料来源：托马斯·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.

尽管特朗普的行政命令，但只有少数欧洲公司公开披露了比特币控股或加密服务。其中包括法国银行业巨头法国国民党Paribas，瑞士公司21Shares AG，​​Vaneck Europe，总部位于马耳他的Jacobi Asset Management和奥地利金融科技公司Bitpanda。

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

Bitpanda最近的一项调查表明，欧洲金融机构可能低估了加密货币投资者的需求多达30％。

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

相关：星期五的美国通货膨胀报告可能会催化比特币四月集会

Europe’s ‘fragmented’ regulatory landscape lacks clarity

欧洲的“分散”监管景观缺乏清晰度

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的分析师告诉Cointelegraph，欧盟的采用率似乎与其法规的拼凑和更保守的投资规定有关。 “欧洲的机构格局更加分散，监管障碍和保守投资要求限制比特币分配。”

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

他们补充说：“此外，由于指南不明确，欧洲养老基金和大型资产经理采用比特币的暴露速度较慢。”

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

相关：比特币“更有可能”在76.5k美元之前售价11万美元 - 亚瑟·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.

数字资产投资平台Nexo的Dispatch分析师Iliya Kalchev表示，除了分散的法规外，欧洲散户投资者的食欲和零售参与通常低于美国。

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

该分析师告诉Cointelegraph，补充说：

iShares Bitcoin ETP listings. Source: BlackRock

ishares比特币ETP列表。资料来源：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.

贝莱德（Blackrock）是世界上最大的资产经理，于3月25日在欧洲推出了比特币交易所交易产品（ETP），这一发展可能会增强欧洲投资者的机构信心。