Czech Central Bank Plans Tenfold Increase in Gold Holdings, New Governor Says Precious Metal ‘Good for Diversification’
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The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also…
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Yesterday, the central bank of the Czech Republic decided to accept the request of its President, and to assess the feasibility and opportunity of activating a reserve in Bitcoin. The official press release of the bank states that the Board of Directors of the Czech National Bank (CNB) has approved…
The Czech Republic’s central bank head recently echoed statements he made earlier in January boasting plans for the Central European nation to begin stockpiling Bitcoin, in remarks published by the Financial Times Wednesday. On Thursday, the Czech National Bank (CNB) said it would start analyzing the prospects of introducing additional…
The Czech National Bank (CNB) has started a pilot project with Bitcoin (BTC) and other blockchain-related assets worth $1 million. The experiment, which will run for two to three years, aims to give the bank experience in handling digital assets and other financial tools. CNB Launches Bitcoin Pilot to Gain…