The CEO of Bitget Exchange, Gracy Chen, has highlighted key developments in the Czech Republic's approach to Bitcoin. If the Czech National Bank proceeds with its proposal to allocate 5% of its foreign reserves into Bitcoin, the country could potentially become the world's third-largest Bitcoin holder. The country's new law also exempts Bitcoin sales from capital gains tax if held for over three years, incentivizing long-term adoption. The Czech Republic's independent approach to Bitcoin and its favorable regulations may influence other countries to follow suit. However, the proposal to invest in Bitcoin has drawn criticism due to its volatility and associated risks.



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