PiCK
"Czech National Bank Governor to Propose Bill Allocating 5% of Foreign Reserves to Bitcoin"
Uk Jin
- The Governor of the Czech National Bank plans to propose a bill to invest up to 5% of foreign reserves in Bitcoin.
- If this bill is approved, more than $7.3 billion could flow into the Bitcoin market.
- This is considered part of an asset diversification strategy.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
A national Bitcoin (BTC) reserve bill is expected to emerge in the Eastern European country of the Czech Republic.
According to Cointelegraph on the 29th, Ales Michl, the Governor of the Czech National Bank (CNB), announced plans to propose a strategy to invest up to 5% of the bank's reserves in Bitcoin as part of an asset diversification strategy.
Andrei Dragos, Head of Research at Bitwise, stated, "Considering CNB's total reserves exceed $146 billion, if the bill is approved, more than $7.3 billion could flow into Bitcoin."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.PiCK News
Truthfi Registers Trademarks for Six Products Including 'Bitcoin Plus ETF'
5 hours ago
U.S. Initial Jobless Claims at 219,000, Exceeding Wall Street Expectations
6 hours ago
Bank of England Cuts Base Rate by 25bp to 4.5% Annually
7 hours ago
'DeepSeek Phobia' Spreading... Could It Affect Bitcoin?
9 hours ago
"U.S. Drives Crypto Asset Promotion... Urgent Need for 'Phase 2 Legislation' in Korea"
9 hours ago
Ranking News