💨 Abstract

Czech National Bank board member, Jan Kubicek, is sceptical about including bitcoin in the bank's reserves due to legal uncertainties and volatility concerns. CNB Governor Ales Michl had put bitcoin under consideration earlier this year, initiating an analysis to broaden the asset classes in the reserves portfolio. Kubicek expressed concerns about the legal status of bitcoin and the potential need for new processes in accounting and auditing.

Courtesy: theprint.in

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