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Czech National Bank Considers Adding Bitcoin to Its Foreign Exchange Reserves Beincrypto 07 Jan 2025

Czech National Bank Considers Adding Bitcoin to Its Foreign Exchange Reserves 🇨🇿

The governor of the Czech National Bank, Aleš Michl, is considering Bitcoin as part of the country's foreign exchange reserves. Though not a major investment, it's about diversification.

The Czech government has shown pro-crypto initiatives, like tax exemption for digital asset sales held over three years. This means potential benefits for long-term crypto holders.

The Czech National Bank is also increasing gold reserves, aiming for 5% of total assets. Internationally, interest in Bitcoin reserves is rising. Countries like the USA, Japan, and Switzerland are exploring similar strategies, with varied legislative progress. Russia, affected by sanctions, is also taking steps towards Bitcoin reserves for cross-border payments.

Source: beincrypto.com ↗

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