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Czech central banker questions Bitcoin’s place as a reserve asset amid volatility concerns – TON BOT

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Czech central banker questions Bitcoin’s place as a reserve asset amid volatility concerns

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Jan Kubíček, a Czech National Bank board member, has raised doubts about Bitcoin’s suitability as a reserve asset due to legal uncertainty and price instability. He expressed concerns about the need to overhaul the bank’s systems to adopt Bitcoin and highlighted challenges in incorporating it without clear regulations and managing market volatility. Kubíček’s stance contrasts with CNB Governor Ales Michl, who advocates for adding Bitcoin to the bank’s reserves as a strategic asset for diversification. The CNB is still studying Bitcoin and other emerging asset classes, with findings expected by October to determine its place in the Czech Republic’s reserve strategy.

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