Czech Republic Abolishes Tax for Bitcoin Holders
Czech President Petr Pavel has signed a law eliminating the capital gains tax on Bitcoin held for more than three years. This move makes the Czech Republic one of the most crypto-friendly countries in Europe, encouraging long-term Bitcoin investment by removing tax burdens for hodlers.
Previously, investors had to pay a capital gains tax when selling Bitcoin at a profit, regardless of the holding period. Now, those who hold BTC for over three years can sell it completely tax-free.
This decision aligns with the country’s growing interest in Bitcoin and its potential as a store of value. Earlier, the Czech government announced plans to analyze Bitcoin’s role as an investment asset.
