Czech National Bank Approves Proposal to Study Bitcoin as Reserve Asset
The Czech Republic does not use the euro but the country is in the EU. The CNB did not comment on the particular assets it's considering. The proposal was put forward by CNB Governor Aleš Michl, who has said his interest was in possibly adding bitcoin to bank's balance sheet.
Czech central bank to consider holding bitcoin as reserve asset
The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said on Wednesday, potentially the first shift into the cryptocurrency by a western central bank if it went ahead.
While Bitcoin adoption by central banks is gaining traction, regulatory concerns and volatility remain key hurdles.
The Bank Board of the Czech National Bank (CNB) has approved a proposal to evaluate investing in new asset classes, including ...
The Czech National Bank (CNB) has limited room to ease monetary policy this year, with domestic inflation threats warranting ...
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