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The governor of Czech National Bank considers Bitcoin for future reserve diversification, though no immediate plans are confirmed.
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Czech Republic proposes crypto tax reforms, benefiting long-term holders and small transactions under $4,200 annually.
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Global interest in Bitcoin reserves grows, with initiatives in the US, Japan, Switzerland, and Russia gaining traction.
The Czech National Bank’s governor shows interest in Bitcoin for reserve diversification, while new tax reforms favor long-term crypto investors.
Czech Republic Considers Bitcoin a Strategic Foreign Asset
The national bank governor expressed this interest recently in an interview with the Czech media. Any decision to include Bitcoin in the reserves would require approval from the bank’s seven-member board.
While there are no immediate plans to invest in Bitcoin, Michl indicated that diversification through cryptocurrency could be explored in the future. Recently, the country has seen several pro-crypto initiatives from the government.
“The Czech National Bank’s governor says BTC might be the move for diversifying reserves, calling it an interesting option. No official plans yet, but the convo is heating up,” Mario Nawfal wrote on X (formerly Twitter).
In December, the Czech Republic announced plans to reform its crypto taxation policies. Prime Minister Petr Fiala outlined a proposal to exempt digital asset sales from capital gains tax if held for over three years.