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esmeralda
@esmeralda
Czech Republic scraps capital gains tax on crypto held for over 3 years The Czech Republic has passed a law exempting cryptocurrency holdings of over three years from capital gains tax, effective January 1, 2025. Individuals can also benefit from tax exemptions on crypto income below CZK 100,000 ($4,000) annually, under specific conditions. Prime Minister Petr Fiala emphasized the law’s aim to support long-term holding and innovation. The exemptions extend retroactively for assets acquired before 2025 if sold under qualifying conditions. These reforms align with the EU’s MiCA framework, enhancing regulatory consistency. The Czech Republic joins Switzerland and the UAE in incentivizing long-term crypto investments.
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Hamidreza 🎩
@hapita
The rules are slowly being loosened in favor of the crypto market.. Thank you for sharing 259 $DEGEN
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