Czech Finance Minister Warns Against Adding Bitcoin to Reserves Czech Finance Minister Zbynek Stanjura warned against the central bank governor’s proposal to consider investing part of the country’s foreign-currency reserves in bitcoin. Stanjura said he respected the Czech National Bank’s independence and made clear that the government couldn’t interfere in the monetary authority’s decisions. Still, he expressed concern that the cryptocurrency might be unsuitable for reserve holdings because of its excessive volatility.
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Czech Finance Minister Warns Against Adding Bitcoin to Reserves

Czech Finance Minister Zbynek Stanjura warned against the central bank governor’s proposal to consider investing part of the country’s foreign-currency reserves in bitcoin.

Stanjura said he respected the Czech National Bank’s independence and made clear that the government couldn’t interfere in the monetary authority’s decisions. Still, he expressed concern that the cryptocurrency might be unsuitable for reserve holdings because of its excessive volatility.