Bitcoin allocation plan could push Czech Republic ahead of UK, Germany: Bitget CEO

Bitget Exchange CEO Gracy Chen has highlighted key developments in the Czech Republic’s approach to Bitcoin.

Chen noted that if the Czech National Bank proceeds with its proposal to allocate 5% of its €140 billion foreign reserves into Bitcoin, the country could become the world’s third-largest Bitcoin btc0.59%Bitcoin holder, surpassing nations such as the United Kingdom, Germany, and Ukraine.

She also emphasized the new capital gains tax exemption for BTC, which has been in place for over three years, incentivizing long-term adoption. 

This is solid great news! 🎉🚀 The Czech National Bank Governor first proposed adding Bitcoin to the country’s foreign exchange reserves on January 7, 2025, and just yesterday, the Czech President signed a new law exempting Bitcoin sales from capital gains tax if held for over…