The Czech National Bank is exploring a potential expansion of its investment portfolio, as global institutions, such as the Norwegian sovereign wealth fund, show increasing exposure to assets like Bitcoin (CRYPTO: BTC).
What Happened: The CNB’s Bank Board, during its Thursday meeting, approved an analysis into broadening its international reserves.
This decision follows two years of increasing diversification efforts and was propelled by a proposal from Governor Aleš Michl.
The aim is to assess the viability and benefits of incorporating new asset classes into their reserves, considering diversification and returns.
The analysis is underway and no immediate changes are anticipated.
Once completed, the Bank Board will deliberate on any further actions. …
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