Home Czech National Bank Governor Weighs Bitcoin For Future Reserve Strategy

Czech National Bank Governor Weighs Bitcoin For Future Reserve Strategy

Share
Tokenization
Share
By Kapil Rajyaguru

Czech National Bank Governor Weighs Bitcoin For Future Reserve Strategy.

The governor of the Czech National Bank, Aleš Michl, recently considered Bitcoin as a potential diversification strategy for the country’s foreign exchange reserves, highlighting growing government interest in cryptocurrency as a savings technology.

In an interview with CNN Prima News, Michl said he was considering acquiring “a few Bitcoin” for diversification, which wouldn’t count as a significant investment for the bank. Any decision to acquire Bitcoin would require the approval of the Czech National Bank’s board, which consists of seven members.

Bitfinex Derivatives To Move To El Salvador After Securing Local Crypto License.

The derivatives arm of crypto exchange Bitfinex has secured a Digital Asset Service Providers (DASP) license to operate in El Salvador. In a Jan. 7 statement, Bitfinex Derivatives said with the approval of the DASP license, it will relocate from Seychelles to the Central American nation.

The firm lauded El Salvador’s continued efforts in developing new crypto frameworks, saying the move aligned with its broader goals to deliver financial services in the region.

Anthropic Expected To Reach $60bn Valuation After Funding Deal.

AI firm Anthropic is reportedly in talks to raise $2 billion—a deal that would put the company’s valuation at roughly $60 billion.

According to a Jan. 7 Wall Street Journal report, Lightspeed Venture Partners is leading a funding round for the OpenAI rival. In December 2023, Anthropic’s valuation stood at $18 billion, indicating a potential increase of more than 233% in just 12 months.

Founded in 2021 by former members of OpenAI, Anthropic went on to publicly release its version of an AI-powered large language model (LLM) called Claude in 2023. The LLM rivals OpenAI’s ChatGPT, which the firm launched in 2022.

Kazakhstan Shuts Down 36 Illegal Crypto Exchanges In 2024 Crackdown.

Kazakhstan took down 36 illegal cryptocurrency exchanges in 2024 amid ongoing efforts to combat money laundering in the region, a significant drop of 96.3% from 2023.

On Jan. 6, the Financial Monitoring Agency of the Republic of Kazakhstan announced the shutdown of 36 crypto exchanges operating without proper authorization in 2024.

The agency noted that illegal crypto exchanges help facilitate money laundering by allowing unvetted fiat-to-crypto and crypto-to-fiat transfers.

Share

Latest News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel "Pig Butchering" Network
News

Dubai Police, US & China Avert $562M In Crypto Scam Losses, Unravel “Pig Butchering” Network

A massive, coordinated international law enforcement operation has struck a blow to the booming cryptocurrency scam industry. Authorities have arrested 276 people...

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions
News

OKX Rolls Out Agent Payments Protocol For Full AI-driven Transactions

OKX has introduced an open standard for agent-led transactions, rolling out its Agent Payments Protocol (APP) to support full-cycle business activity handled...

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections
News

Wall Street To Launch The First Ever Prediction Market ETFs For U.S. Elections

Roundhill Investments is set to launch the first U.S. exchange-traded funds (ETFs) tied to prediction markets next week, with two other asset...

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal
News

MoonPay Acquires Israeli Crypto Security Firm Sodot In $100M Stock Deal

Crypto payments firm MoonPay has acquired Sodot, an Israeli crypto security startup, as part of its plan to launch MoonPay Institutional, a...

Latest Blogs

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization increases accessibility, quickness and transparency, pushing markets to expand rapidly,...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes on to completely alter the intrinsic landscape of our industries...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s quickly changing financial scene. It is now a structural component...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by expanding urbanization and increased investments. As it is, the global...

Related Articles

“Click, Token, Own!” Why RWA Is The Future Of Finance?

A financial revolution, RWA tokenization bringing real-world assets onto blockchain RWA tokenization...

Top 5 Ways To Spot The Best AI Coin

Artificial Intelligence (AI) is the talk of the town as it goes...

Stablecoins Go Mainstream: How Hong Kong’s Bold Regulation Is Shaping Future Of Digital Finance

The word “stablecoin” is no longer limited to tech jargon in today’s...

How Blockchain Is Revolutionizing Real Estate Market

Introduction The real estate business is seeing significant, long-term expansion, fueled by...