Bitcoin (BTC) Comes to Central Bank Balance Sheet as CNB Buys
The Czech National Bank created a $1 million test portfolio including Bitcoin, becoming the first central bank to hold the digital asset.Summary
The Czech National Bank (CNB) announced the creation of a $1 million test portfolio containing digital assets, primarily Bitcoin, a USD stablecoin, and a tokenized deposit. This move marks the first time Bitcoin has appeared on a central bank's balance sheet. The pilot program, approved on October 30, is intended to provide the CNB with hands-on experience regarding blockchain-based assets and their potential impact on future payments and financial systems. The bank clarified that the investment amount will not be actively increased and was made outside of its existing international reserves. CNB Governor Aleš Michl stated the goal was to test decentralized Bitcoin from the central bank's viewpoint and assess its potential for reserve diversification, despite initial skepticism from figures like ECB President Christine Lagarde.
(Source：CoinDesk)