Author: Editorial Office CVJ.CH

The CVJ editorial staff consists of a team of Blockchain experts and informs daily and independently about the most exciting news.

The chairman of the Czech National Bank wants to invest billions of Euros of the country’s reserves in bitcoin. This would make the institution the first Western central bank to hold cryptocurrencies on its balance sheet. Governor Aleš Michl plans to present a proposal to the board of directors on Thursday to invest in bitcoin as a way to diversify Česká národní banka’s (CNB) reserves. According to the Financial Times, if approved, the CNB could allocate up to 5% of its €140 billion in reserves to bitcoin. Bitcoin is unstoppable Michl acknowledged bitcoin’s volatility and limited history, but emphasized its…

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