CRYPTOCURRENCY SETTLEMENTS IN THE CZECH REPUBLIC

Cryptocurrency is a unique means of calculation, they do not have a specific form of banknotes or coins, and are expressed only in digital form. The main difference from the usual currency for us is that the cryptocurrency rate and it itself is not subordinated to the central bank or government agencies. That is, it exists in itself, it can be affected by any phenomena, this is its advantage, and at the same time a disadvantage. Currently, payment for services, transfers to the account, various payments can be made in cryptocurrency. The ease of such transactions is that you do not need to meet in person to transfer money, but you can do it online using a suitable cryptocurrency.

What is the legal status of cryptocurrencies in the Czech Republic?

In the Czech Republic, all cryptocurrencies are legal, so there will be no problems with their use. They have the status of intangible movable property. The Czech National Bank does not determine their funds. Therefore, the purchase and sale of cryptocurrency is not considered pltazhino service. From CNB’s point of view, cryptocurrencies are not virtual money, foreign currency, and cannot be considered similar to securities.

How are cryptocurrency transactions taxed in the Czech Republic?

An individual pays a tax of 15% on the periodic sale and purchase of cryptocurrency, such tax is calculated based on the difference between the cost of purchases and income from its sale. The legal entity pays a tax of 19% of the tax base. The advantage is that “other income” coming from cryptocurrencies is also reflected in the overall economic result. Therefore, the possible loss of the company in another activity may reduce the profit from cryptocurrencies (tax base). If there are two parties seller and buyer and they use cryptocurrency, then they will both pay taxes

Is it possible to invest in cryptocurrency?

You can create a cryptocurrency fund. Its advantages are the choice of European jurisdiction, the absence of any restrictions on servicing in Czech banks, a reduced tax for the fund of only 5%.

Is mining allowed?

Mining has not yet been studied in the legal field of regulating cryptocurrency transactions. It is not banned by the EU, but it is not officially allowed.

Features:

When conducting any cryptocurrency transactions, anonymity cannot be ensured, so cryptocurrencies and other services must establish their clients in order to prevent money laundering in an illegal way.

Cryptocurrency lawyer in the Czech Republic

Assistance of a crypt lawyer in the Czech Republic:

• Legal use of cryptocurrency
• Legalization of income from cryptocurrency transactions and investments in cryptocurrencies
• Mining Bitcoin I Ethereum
• Advising on EMI
• Taxation of withdrawal of assets in fiat money
• Legal support of ICO and IEO projects
• Structuring blockchain companies
• Help crypto investors
• Assistance of a lawyer in investing in cryptocurrency
• Registration of ICO / IEO / DeFi and Mining`y

We provide full legal support for cryptocurrency transactions, ICO / IEO /, Defi registration and cryptocurrency mining, which is why you came to this page when entering “cryptocurrency lawyer”, “lawyer” into the search engine. “Cryptocurrency”, “bitcoin lawyer advice”, “cryptocurrency assistance” bitcoin advice, “lawyer advice on cryptocurrencies”, “blockchain agreement”, “etherium contract”, “legal advice on cryptocurrencies and taxes”.

Legal assistance in the Czech Republic – Bitcoin and cryptocurrency

Therefore, the assistance of lawyers in cryptocurrencies, their mining, registration of IEO, Defi and other crypto projects is a set of measures aimed at formalizing such relationships in full compliance with current legislation of the Czech Republic and the EU.

The most common questions to our lawyers are:

• Payment for services, real estate and other assets in the Czech Republic by Bitcoin (BTC) and Ethereum (ETH).
• Truth or myth?
• In which Czech cities can you exchange Bitcoin, Etherium, Ripple and other cryptocurrencies
• How to buy goods for bitcoin in the Czech Republic?

You can get answers to these and other questions by calling our lawyers or leaving your phone number.

Our lawyers are well versed in all trends in the settlement of cryptocurrency in the world, including in the Czech Republic, guarantee the most secure ways to use them.

• Cryptocurrency in the Czech Republic (Prague, Brno, Karlovy Vary, Pilsen, Islands and other Czech cities)
• Buying and selling cryptocurrency in the Czech Republic through Prykhodko and partners is profitable and safe.

Try us at work.

Importantly! We recommend a mechanism for acquiring certain property for a “crypt” by concluding a mine contract. The conclusion of a contract of sale of goods or services where payment is made by cryptocurrency may be declared null and void in court because the crypto as a currency is not recognized at the legislative level of the Czech Republic. For example, cryptocurrency in Ukraine is not recognized as a means of payment, and by virtue of some regulations and positions of central authorities is equated to surrogate money.