The Governor of the Czech National Bank (ČNB), Aleš Michl, said the central bank is Consider Bitcoin (BTC). CNN Prima News interviewed the company on Jan. 6, and they said that it was looking to diversify their reserves.
Michl revealed this consideration by the ČNB while discussing the importance of diversifying the bank’s holdings among stocks, bonds, gold, and cash deposits.
“He added”
“Bitcoin is a very, very interesting thing, but no one knows exactly if what we are reading is true because none of us has seen the Bitcoin code. If that’s the case, that’s the way it is, it’s very interesting as diversification against other assets.”
Moreover, the ČNB considered adding “just a few” BTC reserves to the bank. Michl claimed that his bank did not intend to make a massive investment in bitcoin, and instead would diversify its portfolio with gold.
The Czech National Bank plans to acquire 100 tons of gold in four years as part of its plan for diversification of foreign currencies.
Nevertheless, Michl claimed that the seven board members of the ČNB will continue to discuss the possibility of adding Bitcoin to the roadmap.
No rocket science
Michl’s friendly discussion of Bitcoin is not new. Michl will be retiring in January 2022. The following are some of the most effective ways to reduce your risk. the educational team from the ČNB to a Czech elementary school.
The students then asked questions on investments and Bitcoin, as well as their future currency.
“He answered:
“Bitcoin is an interesting concept, but before buying any investment, we must always consider the worst-case scenario for our money. It’s important to understand the basic principles and know how to find essential information. Just spend less time on Netflix and dedicate a bit more time to learning. It’s not rocket science.”
Noteworthy is the Czech Republic Approved legislation On Dec. 6, 2020, the government will grant exemptions to income from cryptocurrency transfers.
Individuals can claim an exemption if their total gross annual income from these transactions does not exceed CZK 100,000 — roughly $4,100 — and, separately, if they held digital assets for more than three years before the sale.
Postings in: Bitcoin, EU Adoption, Cryptographic, Featured Macro Author 
Gino Matos
Gino Matos, a graduate of law and an experienced journalist with over six years experience in the cryptocurrency industry. He focuses his expertise on Brazilian blockchain and the developments of decentralized finance.
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AJ is a dedicated journalist who has spent over a decade honing his craft in various countries. Specialized in financial journalism and focusing on crypto-reporting, he is now focused on this area.
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