Czech President Petr Pavel signed a bill on Thursday exempting crypto users from paying taxes on long term gains, a spokesperson from the country's Ministry of Finance told CoinDesk on Thursday. "The principle is if crypto assets are held for more than three years, their sale will not be taxed, or transactions up to CZK 100,000 [$4,136] per year will not be obliged to report in the tax declaration, similar to securities," the spokesperson said. The Czech Republic's Digitalization of the Financial Markets Act is now at the final stage of the legislation process and will take a week or two to be officially published. The country is a member of the EU.
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