Czech president Petr Pavel signed a bill on Thursday that releases crypto users from paying taxes to long -term acquired, a spokesman from the country’s Ministry of Finance told CoinDesk on Thursday.
“The principle is that if cryptoassets are held for more than three years, their sale will not be taxed, or transactions up to CZK 100,000 ($ 4,136) per year is not obliged to surprise the tax expression, similar of security, “the speaker said.
The Czech Republic’s digitalization of the Financial Markets Act is in the final stage of the law process and will take a week or two to be officially published. The country is a member of the European Union (EU).
A week ago, a proposal by Czech National Bank Governor Aleš Michl considered by the Central Bank Adding additional possessionsLike Bitcoin, its reserves are approved by the bank board.
Moving was not well received by the President of the European Central Bank, Christine Lagarde, who said She is confident that Bitcoin will not enter Reserves of any of the EU central banks.
