Czech Republic passes the Law on Krupto, releases Bitcoin from capital gains

The Czech passed legislation that released Bitcoin and other digital assets from taxes on capital gains if higher than three years.

President Petr Pavel signed According to the BTC Prague, harmonizing the country’s crops with traditional securities.

Tax release refers to individuals and non-business activities, eliminating previous tax defects for long-term cropties investors. Amendment, set to enter into force in mid-2025. years, adopts the regulatory framework of the Czech Republic in accordance with the European Union Markets in crypto-funds Rules.

Laying for the Chamber approved the Law in January as part of the broader efforts to modernize the financial regulations of the country. Under the new rules, Bitcoin (Btc) Owners selling their property after three years will no longer owe income tax on earnings, mirror tax treatment with long-term investments.

Czech Bitcoin Reserve

Czech Republic National Bank reviews The proposal for adding bitcoins in its reserves, but the process can last for months, and any exposure would be far lower than the initially proposed 5%, say sources.

Governor Ales Michl presented the idea, but the European President of the Central Bank of Christine Lagarda rejected the proposal, emphasizing the need for liquidity and security in reserves.

In response, the Czech National Bank ordered a study for assessing Bitcoin Feasibility, with MICHL, stating that they would accept their findings, even if they reject the plan.