The Czech National Bank (CNB) announced Plans to explore the potential recording of Bitcoin (BTC) on January 30 in its reserve times. Despite the vocal opposition of the European Central Bank (ECB), President Christine Lagarde against central banks that keep the crypto comes.
During a meeting of January 30, the CNB Bank Board assessed an international document of the international reserve control strategy of 2024 and approved a proposal to analyze additional activa classes for potential investments.
According to the announcement:
“The CNB has actively diversified its investments over the past two years as part of a broader strategy for reserve management. The Bank Council will evaluate whether expansion to other activa classes is in accordance with our diversification and return objectives. “
Although the decision to analyze Bitcoin does not immediately translate into an investment, it indicates an increasing openness of certain European monetary authorities in the direction of digital assets.
The CNB confirmed that it will not make any changes to its reserves until a thorough assessment has been carried out. The findings will guide the future decisions of the board on reserve allocation. All updates for reserve portfolios are announced in the quarterly reports of CNB and annual financial statements.
In particular, the announcement confirms report That CNB is considering allocating up to 5% of its reserves to BTC, which would amount to more than $ 7 billion.
Moreover, Michl said During an interview of January 6 With CNN Prima News that Bitcoin is a “very interesting thing” and offers a “very interesting” way of diversification against other assets if the code is really what people argue.
ECB resisted
The exploratory approach of the CNB is sharp in contrast with the position of the European Central Bank (ECB) President Christine Lagarde, who recently warned against central banks that hold Bitcoin.
During a speech for the ECB members, Lagarde stated:
“I think there is an opinion around the table of the Executive Board, and probably also the General Council, that reserves should be liquid, that reserves must be safe, that they should be safe, that they should not have been teased by The suspicion of money laundering or other criminal activities. “
She also expressed the confidence that Bitcoin would not enter the reserves of a central bank in the General Council of the ECB. However, Aleš Michl is a member of the group.
Consequently, Lagarde also tackled this in her speech:
“I had a good conversation with my colleague from the Czech Republic, and I will leave it to him to make every announcement he wants to do. But I am convinced that he is convinced, as we are all, of the need to have liquid, secure and safe reserves. “
There is a worldwide step to implement Bitcoin in national reserves. Last week, President Donald Trump signed an executive order As a result, a newly formed crypto working group can assess and possibly set up a crypto stock.
Meanwhile, Coinbase CEO Brian Armstrong Recently said During the World Economic Forum, countries of the G20 will consider a Bitcoin reserve if the US continues its push.
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