In brief
- The Czech National Bank made its first crypto investment with a $1 million test portfolio of Bitcoin, stablecoins, and tokenized deposits.
- The program will help the bank learn digital asset management and could lead to the addition of crypto in the nation’s official reserves.
- Officials said U.S. pro-crypto policies and Bitcoin’s maturity influenced the move.
The Czech Republic has officially invested in crypto.
On Thursday, the European nation’s central bank announced that—after years of observations from the sidelines—it purchased a “test portfolio” of digital assets it will experiment with over the coming years as it moves towards crypto adoption.
The $1 million test-case investment consisted primarily of…
