The Czech Republic has officially passed new legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years, a move expected to boost the country’s appeal for long-term crypto investors.

Czech Republic exempts Bitcoin from tax for holdings over three years, aligning with MiCA framework to modernize tax regulations.

Czech Republic president Petr Pavel has signed a bill that exempts Bitcoin and other digital assets from capital gains tax after three years. According to a local news report, the move now removes some of the tax challenges facing crypto holders in the country.