Could Bitcoin (BTC) soon find its way on to the balance sheet of a European central bank? That possibility took at least a small step forward on Thursday
The Czech National Bank (CNB) has approved a proposal to consider investing its reserves in additional asset classes, with a particular interest in bitcoin.
The proposal, put forth by CNB Governor Aleš Michl, was approved by the bank's board on Thursday. The move comes after Michl expressed interest in studying the possibility of adding bitcoin to the bank's reserves in an interview with the Financial Times earlier this week.
“The central bank should symbolize stability,” Czech Finance Minister Zbynek Stanjura told reporters on Thursday. “If you look at bitcoin trading, it’s definitely not a stable asset.”
The proposal was also noted by the European Central Bank (ECB), whose President Christine Lagarde said at a press conference on Thursday that she is confident bitcoin will not be entering the reserves of any of the European Union central banks.
The Czech Republic does not use the euro but the country is in the EU.
The CNB did not comment on the particular assets it is considering in its statement on Thursday.
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