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Czech Republic to Eliminate Taxes on Long-Term Crypto Gains
The country's central bank is also looking at whether or not to add bitcoin to its reserves.
Feb 6, 2025, 6:07 p.m.
What to know:
- Czech President Petr Pavel signed a bill on Thursday exempting crypto users from paying taxes on crypto assets held for three years.
- Transactions up to CZK 100,000 [$4,136] per year will also not need to be reported to tax authorities.
Czech President Petr Pavel signed a bill on Thursday exempting crypto users from paying taxes on long term gains, a spokesperson from the country's Ministry of Finance told CoinDesk on Thursday.
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"The principle is if cryptoassets are held for more than three years, their sale will not be taxed, or transactions up to CZK 100,000 [$4,136] per year will not be obliged to report in the tax declaration, similar to securities," the spokesperson said.
The Czech Republic's Digitalization of the Financial Markets Act is now at the final stage of the legislation process and will take a week or two to be officially published. The country is a member of the European Union (EU).
One week ago, a proposal by Czech National Bank Governor Aleš Michl that the central bank consider adding additional assets, like bitcoin, to its reserves was approved by the bank board.
The move was not well received by the president of the European Central Bank, Christine Lagarde, who said she's confident bitcoin won't be entering the reserves of any of the EU central banks.
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- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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