Czech School of law, economics, politics and security CEVRO has started receiving tuition for three Master's programs in bitcoin digital currency.

The option is now available for students specializing in transition, Austrian economics, and international politics. All three programs are conducted in English, their teaching staff consisting of professors from the Czech Republic, Austria, Great Britain, the United States, Canada, and other countries.

The cost paid for the programs varies from 4,500 (for applicants from the Czech Republic and Slovakia) to 8,400 euros (for all other students). According to the Institute’s website, amount to be paid in bitcoins is dependent on market exchange rate of the cryptocurrency.

During their studies students will have a chance to examine the use of bitcoins and blockchain both from the market point of view and from the angle of government regulation.

CEVRO became the first institute in the Czech Republic to offer the possibility of paying tuition in bitcoins. Such option is yet to get widespread among universities around the world, though a few higher education institutions including King's College London and the University of Cumbria in Carlisle do accept bitcoins.

“We do not want merely to teach about the beauty of markets, modern technologies and innovation, we want to be innovators ourselves!” professor Josef Šíma, president of CEVRO Institute, said, adding that the idea to introduce a new payment method belonged to one of the foreign students who asked university administration if it was possible to pay fees in bitcoins.

The Czech Republic and, in particular, Prague is considered to be one of the leading bitcoin communities in Eastern Europe.

Elena Platonova