Bitcoin distribution plan could push the Czech advantage before Great Britain, Germany: Bitget CEO

The General Manager of Bitgetic exchange, Grić Chen, pointed out the key events in the Czech Republic Bitcoin approach.

Cen noted that if the Czech National Bank continues its proposal that 5% amount to 140 billion euros of foreign currency reserves in Bitcoin, the country could become the third largest bit that is in the world (Btc) Holder, outburstic nations such as the United Kingdom, Germany and Ukraine.

She also stressed New capital gains Liberation from the BTC tax, which has been in force for more than three years, encouraging long-term adoption.

Unlike many European peoples, the Czech Republic is not attached to European policies of the Central Bank, potentially influenced other countries to follow its lead.

Bitcoin Czech Republic Reserve

CNB Governor, Aleš Michl, He proposed an investment up to 5% of the bank reserves in Bitcoin to diversify the property. He believes that such an investment could improve the profitability of the Bank reserves.

However, the proposal drew criticism for high instability of bitcoin and related risks. Critics argue that central banks should determine that liquidity, stability and capital conservation for speculative investment.

In addition to the proposed reservation allocation, the Czech Republic brought a law who kicked the Bitcoin of capital profit tax if higher than three years. This legislation, signed President Petra Pavel aims to encourage long-term investments in cryptocurries and aligns regulations on the crops of the country with the European Union markets within the crypto-means.