Czech National Bank builds digital asset portfolio worth 1 million dollars… Bitcoin also included

The Czech National Bank (CNB) has begun trial operations by directly purchasing digital assets such as Bitcoin (BTC).

On the 13th, the CNB said in a press release that it had structured a trial portfolio by allocating digital assets worth about 1 million dollars to an account separate from foreign exchange reserves. The portfolio consisted of Bitcoin, dollar-pegged stablecoins, and tokenized deposits, and it said there are no plans to increase the total amount.

The CNB said the move was "for the purpose of verifying the overall procedures necessary for holding and managing digital assets in a real environment." It plans to comprehensively test related operational processes such as ▲key management ▲multi-approval procedures ▲crisis response scenarios ▲security systems ▲AML and compliance procedures ▲payment, accounting, and audit systems.

Aleš Michl, governor of the CNB, said, "Digital assets are increasingly being incorporated into the asset compositions of global institutions and companies," and "central banks also need to proactively test technologies and structures from a real-use perspective to prepare for future changes." However, he said, "there are no plans for the time being to include digital assets such as Bitcoin in foreign exchange reserves."

The CNB will regularly publish the results of the trial operation and plans to announce a comprehensive evaluation of the portfolio within 2–3 years.