The Bank Board of the Czech National Bank (CNB) has approved a proposal to evaluate the investment potential of new asset classes, including Bitcoin, as part of its international reserve management strategy. The decision was made after reviewing a report on international reserve management for 2024. The CNB's ongoing diversification efforts over the past two years have led to this approval. The analysis will determine whether Bitcoin can enhance diversification and returns for the central bank's reserves. However, no immediate changes will occur, and the results of the analysis will guide future steps. The CNB's Governor recently expressed intentions to allocate up to 5% of the bank's reserves to Bitcoin, which would make the Czech Republic the first western central bank to hold Bitcoin on its balance sheet. If implemented, this move could set a precedent for central banks globally and demonstrate a broader shift in integrating Bitcoin into traditional reserve strategies. The CNB plans to disclose any adjustments in its quarterly and annual reserve management reports.



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