cyrpto ahead, allocation, Bitcoin, Bitget, CEO, Czech, Germany, plan, push, Republic Mark February 7, 2025 0 Comments

Bitcoin allocation plan could push Czech Republic ahead of UK, Germany: Bitget CEO

The CEO of Bitget Exchange, Gracy Chen, highlighted the key developments of the approach of the Czech Republic towards Bitcoin.

Chen note that if the Czech National Bank proceeds to its proposal to allocate 5% of its 140 billion foreign reserves in Bitcoin, the country could become the third bitcoin in the world (BTC) Holder, go beyond nations such as the United Kingdom, Germany and Ukraine.

She also underlined the new capital gains Tax exemption for BTC, which has been in place for more than three years, encouraging long -term adoption.

This is good news! 🎉🚀 The governor of the Czech National Bank first proposed to add bitcoin to the country’s exchange reserves on January 7, 2025, and yesterday, the Czech president signed a new law exempting bitcoins from the tax on tax Capital gains if it is detained for more …

– GRACY CHEN @bitget (@gracybitget) February 7, 2025

Unlike many European nations, the Czech Republic is not linked by the policies of the European Central Bank, which has potentially influenced other countries to follow its example.

Bitcoin reserve of the Czech Republic

The Governor of CNB, Aleš Michl, proposed to invest up to 5% of banks reserves Bitcoin to diversify assets. He believes that such an investment could improve the profitability of the bank’s reserves.

However, the proposal aroused criticism due to the high volatility of bitcoin and associated risks. Critics argue that central banks should prioritize the liquidity, stability and preservation of capital on speculative investments.

In addition to the proposed reserve allowance, the Czech Republic has promulgated a law exempting bitcoin from capital gains if he is held for more than three years. This legislation, sign By President Petr Pavel, aims to encourage long-term investments in cryptocurrencies and to align the country’s cryptographic regulations within the framework of the markets of the European Union markets in Crypto-Astets.