ChainCatcher news, according to Crowdfundinsider, the Czech Republic has approved extensive financial market reforms aimed at promoting the development of the cryptocurrency and blockchain sectors, positioning itself as a cryptocurrency hub.Reportedly, the newly passed legislation addresses key barriers faced by cryptocurrency companies and investors, demonstrating the country's commitment to embracing digital finance. At the heart of the reforms is the guarantee that cryptocurrency companies and their investors can open bank accounts without undue restrictions, effectively eliminating significant operational hurdles that previously hindered their activities. This change is expected to streamline the financial operations of cryptocurrency businesses and enhance their stability and growth prospects in the country.Additionally, the bill introduces a three-year tax exemption period for cryptocurrency investments.

ChainCatcher news, according to Cointelegraph, the Czech Republic has unanimously agreed in parliament to exempt capital gains tax on Bitcoin held for more than 3 years.

According to ChainCatcher, Forbes reported that the Czech non-profit educational organization and effective altruism group ESPR, after receiving a $4.5 million donation from the FTX Foundation, used $3.5 million of it to purchase a century-old castle in the Czech Republic. (Source link)