The National Bank of the Czech Republic (CNB) took an unprecedented step by acquiring digital assets for the first time, in an operation valued at one million dollars. According to the entity, the objective of the project is to obtain practical experience with cryptocurrency-based technologies and evaluate its possible role within the country’s financial system.
The bank explained that the investment was made outside of its international reserves and that does not seek to obtain profitability, but rather to test the technical and regulatory processes associated with the management of cryptoassets. The test portfolio includes bitcoin, a dollar-backed stablecoin and a tokenized deposit, which will allow the behavior and characteristics of different types of assets to be compared.
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