Bitget CEO: Czech policies may make it the world's third-largest Bitcoin holder

2025-02-07 19:42:35

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ChainCatcher news, Bitget CEO Gracy Chen expressed her views on the event where "the Czech central bank governor proposed to include Bitcoin in foreign exchange reserves and the Czech president signed a new law that exempts capital gains tax on Bitcoin held for over three years":

If the proposal is passed, the Czech central bank may invest 5% of its €140 billion reserves in Bitcoin (approximately €7 billion, or about 75,000 BTC), making it the third-largest holder of Bitcoin globally, following the United States and China, and ahead of the United Kingdom, Germany, and Ukraine; the three-year tax exemption will encourage businesses and individuals to hold BTC long-term; although the European Central Bank opposes this, the Czech Republic has an independent monetary policy and is not restricted by the ECB, and if the policy is effective, other European countries may follow suit.

Gracy Chen also stated that the density of Bitcoin ATMs in the Czech Republic is the highest in Europe, with the most active crypto community in Eastern Europe, and a friendly regulatory environment, making it a hub for crypto innovation in Europe.

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