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Investing.com -- Czech Finance Minister Zbynek Stanjura has expressed reservations about a proposal by the central bank governor to invest a portion of the country’s foreign-currency reserves in bitcoin.
Stanjura, while respecting the Czech National Bank’s independence, voiced his apprehension about the cryptocurrency’s suitability for reserve holdings due to its high volatility. He clarified that the government could not intervene in the decisions of the monetary authority.
Speaking to reporters in Prague on Friday, Stanjura stated, "I personally have misgivings about it. The central bank should symbolize stability. If you look at bitcoin trading, it’s definitely not a stable asset."
The finance minister’s comments underscore the ongoing debates about the role of cryptocurrencies in national finance systems. The proposal by the central bank governor has yet to be approved or implemented.
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