""The aim was to test decentralised bitcoin from the central bank's perspective and to evaluate its potential role in diversifying our reserves," he said. "We'll inform the public about our experience on an ongoing basis and present an assessment in two to three years.""
""The koruna is our legal tender. The Czech National Bank will continue to keep inflation low and the koruna strong," Michl said. "But new ways of paying and investing will emerge rapidly in the years ahead. As a central bank, we want to test this path.""
""The test portfolio will allow the Czech National Bank to explore the operational side of holding digital assets - from custody and key management to accounting, auditing, and anti-money laundering procedures. It will also simulate potential crisis scenarios and evaluate the security of multi-level approval processes. These are details that can't be fully understood through theory or simulat""
The Czech National Bank bought $1 million of bitcoin, a U.S. dollar stablecoin, and a tokenised deposit in a small portfolio kept outside international reserves. The portfolio is an experiment to gain hands-on experience with blockchain-based assets, focusing on custody, key management, accounting, auditing, and anti-money-laundering procedures. The goal is learning rather than speculation or reserve diversification, with public updates and an assessment planned in two to three years. The test will simulate crisis scenarios and evaluate multi-level approval security while not affecting monetary policy or the koruna's status as legal tender.
Read at Bitcoin Magazine
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