PANews reported on January 29 that the Governor of the Czech Central Bank hopes to invest the country's billions of euros in foreign exchange reserves in Bitcoin. This groundbreaking move may make it the first Western central bank to hold crypto assets.
Central bank governor Alessi Michl said he would present a plan to invest in Bitcoin to diversify the central bank's reserves to the board at a meeting on Thursday. He said that if the board approves the proposal, the Czech central bank could eventually hold 5% of its 140 billion euro foreign exchange reserves in the form of Bitcoin. (FT)
