Czech National Bank Approves Proposal to Analyze Bitcoin (BTC) Investment Plans

Source
JH Kim

Summary

  • The Czech National Bank has reportedly approved a proposal to analyze Bitcoin (BTC) investment plans.
  • The board announced that it plans to evaluate whether to include other asset classes, such as Bitcoin, as part of diversifying Czechia's reserve management strategy.
  • It was explained that the board's future decisions will be made based on the analysis results.

According to the cryptocurrency-focused media outlet The Block on the 30th (local time), the board of the Czech National Bank (CNB) has approved a proposal to analyze Bitcoin (BTC) investment plans.

The Czech National Bank stated, "Czechia has been diversifying its investments as part of its reserve management strategy over the past two years," and added, "Following the recent proposal, we will evaluate whether it is appropriate to include other asset classes, including Bitcoin (BTC), in the reserves."

The board plans to proceed with the next steps based on the analysis results, and further plans have not yet been decided.

Previously, the Financial Times (FT) reported that Aleš Michl, the governor of the Czech National Bank, was expected to submit a BTC investment plan to the central bank's board.

publisher img

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
What did you think of the article you just read?