Five EU Central Banks May Replicate Czech Republic's $1M Bitcoin Experiment

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John D’Agostino of Coinbase said five EU countries with derogation status—Hungary, Poland, Romania, Sweden, and Bulgaria—may follow the Czech Republic’s $1 million Bitcoin experiment. The Czech National Bank, not bound by the euro, launched the test in October 2025, holding Bitcoin outside official reserves to avoid ECB oversight. The ECB framework excludes Bitcoin from official reserves, and eurozone banks face tighter rules under the ESCB Statute. The EU Markets in Crypto-Assets Regulation and Countering the Financing of Terrorism measures may influence how non-eurozone states approach digital assets.
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