"Czech Republic Could Become the World's 3rd Largest Bitcoin Holder Thanks to Pro-Crypto Policies"
Summary
- The Czech Republic has announced the possibility of expanding Bitcoin holdings by strengthening pro-crypto policies.
- The Governor of the Czech National Bank proposed allocating part of the foreign exchange reserves to Bitcoin.
- The President of the Czech Republic signed a bill to reduce the tax burden on long-term Bitcoin holders.
There is an opinion that the Czech Republic could become the world's third-largest Bitcoin holder as it strengthens its pro-crypto policies.
On the 7th, Gracy Chen, CEO of Bitget, stated on X (formerly Twitter), "The Governor of the Czech National Bank proposed last month to allocate part of the foreign exchange reserves to Bitcoin," adding, "The President of the Czech Republic also signed a bill yesterday to reduce the capital gains tax burden on long-term Bitcoin holders. This could make the Czech Republic the world's third-largest Bitcoin holder after the United States and China."
She added, "The market has been extremely volatile over the past two weeks, but we should focus on the long-term trend rather than being swayed by short-term noise."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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