Feb 06, 2025 7:34 pm
Czech Central Bank's Bitcoin Investment Proposal Faces Challenges
According to Foresight News, Bloomberg reports that an initial proposal by Czech National Bank Governor Michl to invest up to 5% of reserves in Bitcoin may not come to fruition. Sources indicate that the governor is prepared to accept the central bank's analysis of this option, which will take several months to complete. European Central Bank President Christine Lagarde opposes the proposal, emphasizing that foreign exchange reserves must remain liquid, secure, and free from suspicions of money laundering or other criminal activities.