Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The Czech Central Bank has become the first central bank in the world to buy Bitcoin.

robot
Abstract generation in progress

The Czech Central Bank (CNB) has announced the establishment of a testing portfolio worth 1 million USD consisting of Bitcoin (BTC), a USD-pegged stablecoin, and a crypto deposit.

According to CNB, the pilot program aims to test the process of buying, holding, and managing assets on the blockchain, while also helping the bank gain practical experience in the next 2–3 years. This investment is not part of the current foreign exchange reserves and will not be expanded further.

This is seen as a new milestone for Bitcoin as it appears for the first time on a central bank's balance sheet.

CNB Governor Aleš Michl stated that this idea was proposed since January 2025, with the aim of assessing Bitcoin's potential to diversify reserves. Previously, this move was criticized by European Central Bank President Christine Lagarde, yet the Czech Republic – although an EU member – still maintains its own currency and a certain degree of autonomy in monetary policy.

BTC-0.69%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)