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Czech central banker Kubicek 'sceptical' of bitcoin as reserve asset

Czech National Bank board member Jan Kubicek is "sceptical" about the inclusion of bitcoin among the bank's hefty reserves, wary of legal uncertainties and concerns around volatility of the digital currency. CNB Governor Ales Michl put bitcoin up for consideration earlier this year, and the bank has begun an analysis looking into broadening the asset classes it holds in its reserves portfolio. Volatility was another worry and assessing market price developments was difficult, he said.