07.02.2025 18:11
Cryptocurrency assets held in the Czech Republic for more than three years will be exempt from capital gains tax. The law signed by President Petr Pavel supports the cryptocurrency ecosystem. The country's central bank also plans to invest 5% of its reserves in Bitcoin.
The Czech Republic has initiated a significant transformation in the cryptocurrency world. The tax exemption law, unanimously approved by the parliament, covers cryptocurrency assets acquired before 2025, while the central bank's decision to invest in Bitcoin is noteworthy.
The Czech National Bank Has Considered Investing in Bitcoin
The Czech Republic's cryptocurrency regulations are becoming aligned with the European Union's Markets in Crypto-Assets (MiCA) framework. With the new regulation, transactions below $4,100 are exempt from reporting requirements.
The President of the Czech National Bank, Michl, is considering allocating 5% of the reserves valued at 140 billion euros to Bitcoin. This move indicates an investment of approximately 7 billion euros in Bitcoin.
Former Prime Minister Andrej Babiš has called for balanced cryptocurrency regulations and fair tax policies. These developments demonstrate the Czech Republic's positive approach towards cryptocurrency assets.