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.

ChainCatcher news, according to Bitcoin Magazine, the President of the Czech Republic has officially signed a bill that exempts capital gains tax for holding Bitcoin for more than 3 years.

ChainCatcher news, Czech National Bank Governor Aleš Michl stated on the X platform that the goal of the Czech National Bank is to maintain price stability. When he took office in July 2022, the inflation rate in the Czech Republic was as high as 17.5%. Therefore, his mission during his term is to bring inflation down to target levels and achieve diversification of asset reserves.Aleš Michl mentioned that the Czech National Bank will gradually increase its gold holdings from 0% to around 5% and plans to invest 30% in stocks. Currently, Bitcoin has zero correlation with bonds, making it an interesting asset for large investment portfolios that is worth considering. At present, it is still in the analysis and discussion stage. The bank's board will make a decision, but it will not be made quickly. A thoughtful analysis is required.Previous news, the Czech National Bank Governor stated in an interview with the Financial Times that if approved, the central bank would consider investing 5% of its €140 billion reserves in Bitcoin.

ChainCatcher news, the governor of the Czech National Bank hopes to invest billions of euros of the country's foreign exchange reserves into Bitcoin. He stated that if approved, the Czech National Bank could ultimately invest up to 5% of its €140 billion reserves in Bitcoin.

ChainCatcher news, according to Cointelegraph, Czech National Bank Governor Aleš Michl recently stated in an interview with CNN Prima News that he is considering including Bitcoin in the bank's foreign exchange reserve diversification strategy. If implemented, the Czech central bank would become the first European central bank to purchase Bitcoin.In the interview, Michl mentioned that he is considering buying "a small amount of Bitcoin" as part of the reserve diversification. While this would not be a significant investment, its symbolic meaning is substantial. The bank's advisor Janis Aliapulios confirmed that although there are currently no plans to purchase Bitcoin, discussions on the matter cannot be ruled out in the future. Any decision to purchase Bitcoin would need to be approved by the board of directors of the Czech central bank, which consists of 7 members.

ChainCatcher news, according to Cointelegraph, Czech National Bank Governor Aleš Michl recently stated in an interview with CNN Prima News that he is considering including Bitcoin in the bank's foreign exchange reserve diversification strategy.In the interview, Michl mentioned that he is considering purchasing "a small amount of Bitcoin" as part of the reserve diversification. While this would not be a significant investment, its symbolic meaning is substantial. The bank's advisor Janis Aliapulios confirmed that although there are currently no plans to purchase Bitcoin, discussions on this matter cannot be ruled out in the future. The Czech National Bank's board, composed of 7 members, needs to approve any decision to purchase Bitcoin.

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.

ChainCatcher news, Guggenheim Treasury Services, a subsidiary of Wall Street giant Guggenheim Partners, has collaborated with blockchain platform Zeconomy to issue $20 million in tokenized commercial paper on the Ethereum blockchain. Zeconomy CEO Giacinto Cosenza stated that the demand for digital assets is "huge" following the success of crypto ETFs. This issuance marks a new advancement in the tokenization of traditional financial assets (RWA), a sector that has grown to a market value of $12 billion.

ChainCatcher news, according to official information, the zkRollup-based Layer2 privacy cross-chain protocol Zecrey has announced that its wallet will cease operations, and the team will focus on the Kontos protocol. Zecrey stated that to facilitate a smooth transition, there will be a 60-day window before services are stopped after March 31. Users need to export their private keys or seed phrases before this date to retain access to their Zecrey wallet addresses.In addition, the Zecrey browser extension has been removed from the Chrome Web Store, and the mobile app will no longer be available for download from the Apple App Store or Google Play Store. The Zecrey Legend NFT Marketplace is currently under maintenance, and Zecrey Legend (including L2 and NFT Marketplace) will be renamed to zkLegend.

ChainCatcher news, according to the official announcement, Binance will add observation labels for more tokens on January 4, 2024, and remove seed labels for specific tokens based on recent audits.The tokens added to the observation label list are: Aragon (ANT), Firo (FIRO), Keep3rV1 (KP3R), Mdex (MDX), MobileCoin (MOB), Reef (REEF), Vai (VAI), Monero (XMR), Zcash (ZEC), Horizen (ZEN).The tokens removed from the seed label list are: GMX (GMX), SushiSwap (SUSHI).Compared to other listed tokens, observation label tokens may have higher volatility and risk. We will closely monitor and continue to review. Please be aware that trading these tokens with observation labels carries risks, as these tokens no longer meet the standards they had when listed on our platform, and may be delisted if there is no improvement. Meanwhile, seed labels apply to innovative project tokens, which may also have higher volatility and risk compared to other listed tokens.

ChainCatcher news, Zcash developer Electronic Coin Company (ECC) announced a restructuring of the company, laying off 13 employees, about half of its team members.ECC stated that the bear market has impacted its financial situation, limiting its development. The restructuring will focus time and resources on key areas within Zcash, while other work will be transferred to the Zcash community.In the coming weeks, ECC will release a revised roadmap, focusing on empowering ZEC holders and giving them a voice. This includes: creating an excellent user experience for PoS ZEC; developing a wallet by Zcasher that anyone can easily use; a mobile wallet SDK that will be useful for other Zcash builders; and policy work in the U.S. to ensure that ZEC, self-custody, and staking remain viable in the U.S.ECC noted that recent work to address third-party wallet performance issues remains its current top priority, and ECC is committed to releasing zcash 5.6.0, an updated version of lightwalletd, and new iOS and Android mobile SDKs. (source link)

ChainCatcher news, focusing on multi-chain privacy, Layer1 blockchain Namada proposes to airdrop its upcoming Namada token NAM to holders of Zcash (ZEC). Among them, ZEC holders who choose to anonymously claim NAM will receive more airdrop than those who claim transparently.Both Namada and Zcash use zero-knowledge proof mechanisms to verify transactions without revealing the sender, receiver, or transaction amount.The Anoma Foundation, which is behind Namada, stated that the project will launch its mainnet in May 2023, after which the exact timing and mechanism of the airdrop will be finalized. The foundation is also responsible for managing the independent privacy-preserving protocol Anoma. (CoinDesk)

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)

ChainCatcher news, the Dubai Virtual Assets Regulatory Authority (VARA) describes cryptocurrencies that enhance anonymity in the "2023 Regulations on Virtual Assets and Related Activities" as assets that prevent tracking of ownership or transactions. The regulations prohibit the use of privacy tokens such as ZEC and XMR, and local entities are also not allowed to create such tokens.The regulations also state that entities cannot describe themselves as virtual asset businesses unless they obtain VARA permission. Large proprietary traders investing $250 million or more in cryptocurrencies must register with VARA, and violations of market conduct rules may result in individual fines of up to $5.4 million and fines for virtual asset service providers of up to $13.6 million. (Source link)

ChainCatcher news, the Layer 2 scaling solution Zecrey Legend based on BNB Chain has launched its public testnet on December 3rd at 21:00 Beijing time. The testnet consists of multiple phases, and the first phase product that is currently live is an Android application, which includes multi-chain asset management and a Layer 2 NFT marketplace based on ZK Rollup, among other features. (source link)

Chain Catcher News, Huobi Global announced that, according to the latest opinions from global financial regulators and Article 17, Clause 16 of the "Huobi Token Management Rules," it has stopped the following anonymous trading tokens: DASH, DCR, FIRO, XMR, XVG, ZEC, and ZEN related trading products as of September 6, 2022, and will implement the coin withdrawal process at 16:00 on September 19, 2022. DASH, DCR, FIRO, XMR, XVG, ZEC, and ZEN will stop recharge services at 16:00 (GMT+8) on September 12, 2022, but withdrawals will still be available. (Source link)