$BTC The Czech National Bank has officially taken its first step into crypto, revealing a $1 million test portfolio made up mainly of Bitcoin, along with stablecoins and tokenized bank deposits. This pilot aims to help the bank understand digital asset custody, crisis responses, and AML protocols as it explores long-term crypto adoption.
Although a proposed multi billion dollar Bitcoin reserve was previously rejected by the European Central Bank, officials say the new infrastructure developed during this testing phase could later support routine operations.
Governor Aleš Michl expects a full assessment within two to three years, noting that future Czech financial systems may allow citizens to buy everything from coffee to tokenised bonds with a tap 📱.
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