However, the Czech proposal faces certain challenges, especially strong opposition from Christine Lagarde, the President of the European Central Bank. She believes that Bitcoin's high volatility, lack of regulatory framework, and potential threat to financial stability make it unsuitable as a central bank reserve asset. However, as the Czech Republic has not yet joined the eurozone and its central bank has a certain degree of independence in monetary policy, it is still possible for the Czech Republic to break through the resistance of the European Central Bank and advance the Bitcoin reserve proposal. In addition, the Czech government recently passed a new bill that allows individuals who hold Bitcoin for more than three years to be exempt from capital gains tax, further demonstrating the Czech Republic's friendly attitude towards cryptocurrency and consolidating its important position in cryptocurrency innovation.  @jlksjiyehkxu   @hiumaplun