PANews reported on November 13 that the Czech National Bank (CNB) stated in a supplementary Q&A that the purpose of creating the digital asset pilot portfolio is to accumulate practical experience in holding digital assets and to implement and test necessary processes. This is part of regular financial activities conducted outside of international reserves, and the international reserves remain unchanged. CNB's purchase of digital assets such as Bitcoin as testing tools is fully compliant with the authorization framework of the Czech National Bank Law, particularly Article 32's "Other Assets" clause and its broad interpretation in financial markets. This move is legal, compliant, and has a clear policy objective.PANews reported on November 13 that the Czech National Bank (CNB) stated in a supplementary Q&A that the purpose of creating the digital asset pilot portfolio is to accumulate practical experience in holding digital assets and to implement and test necessary processes. This is part of regular financial activities conducted outside of international reserves, and the international reserves remain unchanged. CNB's purchase of digital assets such as Bitcoin as testing tools is fully compliant with the authorization framework of the Czech National Bank Law, particularly Article 32's "Other Assets" clause and its broad interpretation in financial markets. This move is legal, compliant, and has a clear policy objective.
Czech Central Bank: Direct purchase of digital assets/Bitcoin complies with the provisions of the National Banking Law.
PANews reported on November 13 that the Czech National Bank (CNB) stated in a supplementary Q&A that the purpose of creating the digital asset pilot portfolio is to accumulate practical experience in holding digital assets and to implement and test necessary processes. This is part of regular financial activities conducted outside of international reserves, and the international reserves remain unchanged. CNB's purchase of digital assets such as Bitcoin as testing tools is fully compliant with the authorization framework of the Czech National Bank Law, particularly Article 32's "Other Assets" clause and its broad interpretation in financial markets. This move is legal, compliant, and has a clear policy objective.
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