Bitget CEO: Czech Republic may establish Bitcoin foreign exchange reserves and become the world's third largest Bitcoin holder

Odaily News In response to the event that the Czech Central Bank Governor proposed for the first time to include Bitcoin in foreign exchange reserves and the Czech President signed a new bill stating that holding Bitcoin for more than three years is exempt from capital gains tax, Bitget CEO Gracy Chen posted on the X platform: If the proposal is passed, the Czech Central Bank may invest 5% of its 140 billion euro reserves in Bitcoin (7 billion euros is approximately 75,000 BTC), and may become the world's third largest Bitcoin holder, second only to the United States and China, and ahead of the United Kingdom, Germany, and Ukraine; and tax exemption for more than three years will encourage companies and individuals to hold BTC for a long time; although the European Central Bank opposes it, the Czech Republic has an independent monetary policy and is not restricted by the European Central Bank (ECB), and if the policy implementation is effective, other European countries may follow suit.
In addition, she said that the Czech Republic has the highest density of Bitcoin ATMs in Europe, the most active crypto community in Eastern Europe, and a friendly regulatory environment, making it a European crypto innovation hub.