News with the tag "Czech Republic"

The narrative around Bitcoin as a legitimate reserve asset for central banks is facing fresh headwinds. A high-ranking official from the Czech National Bank (CNB) has voiced significant reservations, injecting a dose of reality into the often-exuberant crypto discourse. Is this skepticism a crucial ...

The Czech National Bank is exploring bitcoin’s potential as a reserve asset, with its governor emphasizing the need to adapt to evolving financial markets despite crypto risks. Czech Central Bank Signals Bitcoin Interest—A Step Toward BTC Reserves? Aleš Michl, governor of the Czech National Bank (CN...

The Czech National Bank (CNB) is considering studying Bitcoin ( BTC ) as part of its reserve management strategy, according to the bank’s governor Aleš Michl. Central banks should not dismiss Bitcoin outright but instead analyze its underlying technology and potential role in financial reserves, Mic...

Czech National Bank Governor Ales Michl on Wednesday continued his campaign for possibly adding bitcoin (BTC) to the central bank balance sheet, including encouraging words for those frustrated by the reputational damage inflicted on bitcoin by the broader crypto market. The crypto market will exper...

The Czech Republic has officially passed new legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years, a move expected to boost the country’s appeal for long-term crypto investors. President Petr Pavel recently signed the law, according to repor...

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. "The principle is if cryptoassets are held for more than three years, their sale will not be taxed, or tr...

The Czech National Bank (CNB) is considering adding Bitcoin to its national reserves , with Governor Aleš Michl proposing to allocate up to 5% of the country’s €140 billion reserves to the cryptocurrency. If approved, this move would make the CNB the first Western central bank to hold Bitcoin. Michl...

The Czech National Bank (CNB) is considering a groundbreaking move—investing 5% of its €140 billion ($146.13 billion) foreign reserves into Bitcoin, as per an FT report. This would make the CNB the first major Western central bank to integrate cryptocurrency into its reserves. If the plan moves forw...

Czech National Bank Governor Ales Michl said in an interview with Financial Times (FT) that he will present a bitcoin investment plan to the board on Thursday, which, if approved, could see the apex bank diversify 5% of its $146.13 billion reserves into the leading cryptocurrency by market value. "F...

In a recent appearance on CNN Prima News’ Partie Terezie Tománková, Governor of the Czech National Bank (CNB) Aleš Michl discussed the institution’s monetary stance, its growing gold reserves, and the possibility of investing in Bitcoin. The interview, originally reported by local media outlet Sezna...