TechFlow reports that Bitget CEO Gracy Chen stated on social media that during her first visit to Prague in 2023, she discovered the city had evolved into a major hub for crypto innovation in Europe. Not only does Prague have the highest density of Bitcoin ATMs in Europe, but it also hosts the most active crypto community in Eastern Europe. The city’s favorable regulatory environment has attracted executive teams from multiple institutions, including The Block, the world's third-largest crypto media outlet. Chen emphasized that amid ongoing market noise, the advancement of Czech Republic's Bitcoin policies deserves real attention.
The Czech Republic is actively advancing its Bitcoin-related policies. On January 7, 2025, the Governor of the Czech National Bank proposed for the first time including Bitcoin in foreign exchange reserves. If approved, the central bank could allocate 5% of its 140 billion euro reserves (approximately 7 billion euros, equivalent to 75,000 BTC) to Bitcoin, positioning the Czech Republic as the world's third-largest Bitcoin holder after the United States and China. Additionally, the Czech president signed a new bill on February 6 exempting capital gains tax on Bitcoin held for more than three years.
