In a groundbreaking move, the Czech Republic has eliminated capital gains tax on Bitcoin and other cryptocurrencies held for over three years.
Effective January 1, 2025, the policy aims to incentivize long-term investment by aligning crypto taxation with traditional securities.
Investors who meet the holding period requirement and keep annual crypto-related income below 100,000 Czech crowns (about $4,200) will benefit from the exemption.
The reform has been widely praised by the crypto community, with many seeing it as a step toward greater financial freedom and innovation.
Some analysts believe this move could attract more crypto entrepreneurs to the country, positioning the Czech Republic as a major player in Europe’s digital asset space.
However, concerns remain about implementation, particularly regarding the verification of asset holding periods.
While the central bank has yet to officially endorse Bitcoin, speculation about its potential role in national reserves continues to grow.
Source: OccupyGh.com
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