On February 6, according to Bitcoin Magazine, the Czech president officially signed a bill that exempts bitcoin from capital gains tax for more than three years.
Matt Hougan, chief investment officer (CIO) of Bitwise, responded to news of the Czech Republic's strategic bitcoin reserve plan. Hougan had previously predicted a significant increase in bitcoin adoption this year, noting that "the dominoes are starting to fall". Yesterday, the president of the Czech National Bank (CNB), AlešMichl, said that bitcoin is being considered as part of the diversification of foreign exchange reserves. However, at present, CNB has no plans to buy crypto assets immedi...
On December 9th, according to Crowdfundinsider, the Czech Republic has approved a wide-ranging financial marekt reform aimed at promoting the development of the cryptocurrency and blockchain sector, a move aimed at positioning itself as a cryptocurrency hub. The newly passed legislation reportedly addresses key hurdles faced by cryptocurrency companies and investors, demonstrating the country's determination to embrace digital finance. At the heart of the reform is the guarantee that cryptocurre...
According to the Parlamentní Listy news website, the Czech Republic's new tax exemption law introduces clear conditions explaining the conditions under which cryptocurrency transactions can be exempt from personal income tax. Among them: Exemption is available if an individual's gross annual income from crypto asset transactions does not exceed CZK 100,000 (approximately $4,000). In addition, digital assets held for more than three years before sale are also eligible for tax exemption.