Czech central bank exploration into Bitcoin and new asset classes aims to diversify and potentially enhance reserve management.

Czech Finance Minister Zbynek Stanjura has warned against the CNB’s proposal to consider investing up to 5% of its reserves in Bitcoin, citing volatility risks.

Czech Finance Minister Zbynek Stanjura has raised his concern about the central bank Governor's suggestion to explore the possibility of investing some of the country's foreign currency reserves in Bitcoin.

The head of the Czech central bank is about to propose that the institution add Bitcoin to the country's reserves.

The Czech Republic does not use the euro but the country is in the EU. The CNB did not comment on the particular assets it's considering. The proposal was put forward by CNB Governor Aleš Michl, who has said his interest was in possibly adding bitcoin to bank's balance sheet.

The Czech National Bank (CNB) is considering a 5% Bitcoin allocation, surpassing its gold reserves. If approved, this move could reshape the future of national reserve assets.

By Albin Sybera in Prague The Czech National Bank (CNB) is planning to become the first European central bank to add cryptocurrency bitcoin to its reserves, the CNB governor Aleš Michl said in an interview with the Financial Times on January 29.