If the plan gets approved, the Czech Republic will become the very first European country to have its own BTC reserve. The Czech Republic is ready to up its crypto game. The governor of the Czech Central Bank, Aleš Michl, is set to modernize their reserve strategy by announcing that it intends to allocate 5 percent of its foreign reserves to Bitcoin.
The governor expressed his interest in the crypto sector earlier this month. If Michl’s plan gets approved by the board, the central bank can hold close to 5 percent reserves of its EUR 140 billion in Bitcoin.