Key Points
- The Czech President has just promoted Bitcoin adoption in the country.
- This is a huge step for Bitcoin adoption in Europe.
According to the latest reports, the Czech President has just promoted Bitcoin adoption in the country, marking an important step ahead for European adoption of BTC and crypto.
Czech Holders Win – Zero Bitcoin Taxes After 3 Years of Holding
The latest official reports reveal that Czech President Petr Pavel has just signed the new law that exempts Bitcoin holders from taxes after three years of holding BTC.
The country’s latest move brings huge benefits for Bitcoin holders, marking two important elements:
- A time and value test to support long-term investors
- Pro-Bitcoin regulations for both individuals and businesses
This is an enormous step for Bitcoin adoption, not only in the country but in Europe as well.
One of the most important supporters of Bitcoin in the US, Sen. Cynthia Lummis, also marked the significant win via a post on X, congratulating the crypto “friends and allies” in the Czech Republic for leading the way and hopefully helping Europe find its way.
Cynthia Lummis via XEurope’s Bitcoin Adoption Efforts Intensify
Europe is seeing bullish moves for Bitcoin not only thanks to the latest events in the Czech Republic but also following the latest reports revealing that BlackRock plans to launch an ETP tied to Bitcoin in the region, its first such crypto product outside of North America.
The important success of the Czech Republic comes after the ECB President, Christine Lagarde, recently made it clear that there will be no EU Bitcoin reserves, as a response to comments made by Ales Michl, the fifth Governor of the Czech National Bank who recently addressed Bitcoin investments, proposing an assessment for a national BTC Reserve.
However, despite all efforts to slow down Bitcoin and crypto adoption, Europe seems to be on the right path to a successful crypto story, with the Czech Republic currently leading the way.
Bitcoin remains surrounded by massive global optimism amidst increased adoption and building efforts in the industry.
