Czech central bank official skeptical on Bitcoin reserves amid legal, volatility concerns

Bitcoin in the reserves of the Czech Central Bank is uncertain after a senior official of legal concerns and volatility.

A Bitcoin debate (BTC) Place in the reserves of Czech Central Bank which persists with the member of the Board of Directors Jan Kubicek expressing skepticism citing legal uncertainties and price oscillations.

Jan Kubicek, member of the board of directors of the Czech National Bank, said In an interview with Reuters on March 18 that, while the bank analyzes new asset classes, it remains “skeptical” about the original cryptocurrency.

The central banker referred to the extreme volatility of Bitcoin which, according to him, the undermining as an attractive central banking asset.

“We will assess different asset classes. Bitcoin is only one “among many other asset classes that the bank examines, said the banker.

Commenting on the current legal status of cryptocurrency in the Czech Republic, he declared that the possession of Bitcoin would require new processes in accounting and audit.

“We cannot be sure that Bitcoin’s volatility in the coming years will reflect the models observed in the last decade because I suspect that, if more institutional investors accept Bitcoin as an investment asset, it will start to behave differently from what we have seen so far.”

Jan Kubicek

According to Kubicek, the CNB study on the expansion of asset courses could be completed by October.

He also mentioned the possibility of investing in international companies’ obligations, shares of action such as technological shares and real estate investment funds, like other potential options for the institution.

The governor of CNB Ales Michl first raised The idea of ​​adding bitcoin to the bank’s reserves at the end of January 2025, arousing the interest of the cryptographic community but the skepticism of decision -makers.

The president of the European Central Bank Christine Lagarde, for example, has rejected, declaring at the imposed plan according to which “the reserves must be liquid, that the reserves must be secure, that they must be sure”.

However, many states have recently added Bitcoin to their national strategic reserves, including the United States, which under the new Trump administration has adopted a more proactive position towards cryptocurrency.