"Czech National Bank Governor Considers Bitcoin (BTC) Investment... No Official Plans Yet"
Summary
- The Governor of the Czech National Bank has stated that he is considering investing in Bitcoin to diversify foreign exchange reserves.
- The Czech National Bank currently has no plans to purchase Bitcoin, and it would require the approval of all seven board members.
- Michl's remarks leave open the possibility of including Bitcoin in financial strategies.
Reports have emerged that the Governor of the Czech National Bank is considering investing in Bitcoin (BTC) to diversify foreign exchange reserves.
According to cryptocurrency media outlet Cointelegraph, Aleš Michl, the Governor of the Czech National Bank, recently stated in an interview with CNN Prima News that he is considering investing in Bitcoin as part of the central bank's strategy to diversify its foreign exchange reserves.
However, the Czech National Bank has stated that there are currently no plans to purchase Bitcoin. The purchase of Bitcoin by the Czech National Bank would require the approval of all seven members of the board.
Janis Aliapulios, an advisor to the board of the Czech National Bank, said, "The Czech National Bank is not currently considering holding cryptocurrencies to diversify its reserves." Michl's remarks are explained as leaving open the possibility for future discussions.
The media added, "Michl's remarks suggest a shift towards including Bitcoin in the financial strategies of governments and institutions."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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