Show description: On October 30, 2025 the Czech National Bank board approved and publicly disclosed a roughly $1 million purchase of Bitcoin and selected other digital assets as a ring‑fenced pilot under the CNB Lab innovation program. The purchase was executed outside the bank's international reserves and was described as a controlled experiment to build practical competence across the digital asset lifecycle. The pilot covers wallet setup and administration, custody controls and key management, valuation and accounting for continuously priced assets, settlement and reconciliation processes, and internal reporting subject to risk, compliance, and audit review. The program is governed and publicly reported with structured oversight and defined milestones. The CNB stated the objective is operational learning and process validation and not a change to reserve management policy. CNB Lab covers AI research, future payment systems, and digital asset pilots, and the bank said findings will inform supervision, examination procedures, and policymaking. The CNB described the purchase as the first public disclosure of a direct Bitcoin purchase by any central bank and said the exposure is intentionally small and immaterial to its balance sheet. The announcement identified accounting, cybersecurity, custody architecture, incident response, access segregation, continuity planning, and audit documentation as areas for supervisor and auditor scrutiny. The CNB said it expects to publish controls testing outcomes and audit findings in coming quarters, and observers should monitor any expansion of the pilot, changes in reserve reporting classification, formal vendor and custody model selections, and links between the pilot and central bank digital currency or payment system trials. 

Source: https://theweb3.news/crypto/cnb-first-public-crypto-purchase/

Hosted on Acast. See acast.com/privacy for more information.