4 months ago
Czech President Petr Pavel signed a measure connected Thursday exempting crypto users from paying taxes connected agelong word gains, a spokesperson from the country's Ministry of Finance told CoinDesk connected Thursday.
"The rule is if cryptoassets are held for much than 3 years, their merchantability volition not beryllium taxed, oregon transactions up to CZK 100,000 [$4,136] per twelvemonth volition not beryllium obliged to study successful the taxation declaration, akin to securities," the spokesperson said.
The Czech Republic's Digitalization of the Financial Markets Act is present astatine the last signifier of the authorities process and volition instrumentality a week oregon 2 to beryllium officially published. The state is simply a subordinate of the European Union (EU).
One week ago, a connection by Czech National Bank Governor Aleš Michl that the cardinal slope see adding further assets, similar bitcoin, to its reserves was approved by the slope board.
The determination was not good received by the president of the European Central Bank, Christine Lagarde, who said she's assured bitcoin won't beryllium entering the reserves of immoderate of the EU cardinal banks.
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