The head of the Czech National Bank wants to transfer billions of euros of the country’s reserves to Bitcoin, a groundbreaking move that could make it the first Western central bank to own crypto assets.
The Financial Times reports.
The central bank’s governor, Aleš Michl, said he would present a plan to invest in Bitcoin to the board of directors at a meeting on Thursday as a way to diversify the central bank’s reserves. He said if the board approves the plan, the central bank could eventually hold up to 5 percent of its 140 billion euros in Bitcoin.
