PANews reported on January 31 that according to Businessinsider, the Financial Times said that if the plan proposed by Czech Central Bank Governor Aleš Michl on Thursday is approved, the Czech Central Bank may eventually convert 5% of its 140 billion euro foreign exchange reserves into Bitcoin. Standard Chartered Bank analyst Geoff Kendrick said that at current prices, the Czech Central Bank could hold up to 69,000 bitcoins. The country with the most known bitcoin holders is El Salvador, which holds 6,049. Geoff Kendrick further pointed out that the Swiss National Bank also seems to be moving towards embracing Bitcoin, and Swiss activists are collecting signatures for a vote on the issue, although Switzerland may take some time, but the move is significant because Switzerland's foreign exchange reserves are six times that of the Czech Republic.