The Czech central bank made its first-ever purchase of cryptocurrencies, as officials seek to determine whether Bitcoin and other digital assets have a role to play in diversifying reserves.
The $1 million of holdings, mainly Bitcoin alongside unspecified dollar-based stablecoins and tokenized dollar deposits on the blockchain, will be kept separate from the central bank’s official foreign reserves, according to a statement Thursday. The portfolio will serve as a testing ground to give the central bank experience in holding digital assets and test the related processes, it said.
The central bank won’t actively increase the amount of investment in the ...