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Czech National Bank considering holding reserves in bitcoin
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Illustration (Photo: Pixabay / MichaelWuensch)
This would potentially be the first shift into the cryptocurrency by a western central bank if it went ahead, Reuters reports.
According to Michl, the idea is still under analysis and no immediate decision is forthcoming.
Central banks traditionally park reserves in more conservative assets and some have warned about the risks of using cryptocurrencies in public coffers.
Michl plans to present the consideration of including bitcoin to the bank's seven-strong board on Thursday, he told the Financial Times.
If approved, the bank could eventually hold as much as 5% of its 140 billion euro reserves in bitcoin, he said.
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