Official announcements from Czech banks or major financial news outlets

Czech Republic Eliminates Capital Gains Tax on Bitcoin Held Over Three Years, Prohibits Bank Discrimination

Dec 6, 2024, 12:47 PM

The Czech Republic has officially eliminated the capital gains tax on Bitcoin held for more than three years, following a unanimous decision by its parliament. This new legislation, which also prohibits banks from discriminating against Bitcoin businesses, marks a significant shift in the country's approach to cryptocurrency. The law is expected to encourage long-term investment in Bitcoin and support the growth of the crypto sector within the nation.