Czech Republic vs Italy
Crypto regulation comparison
Czech Republic
Italy
Legal
Legal
Cryptocurrency is legal in the Czech Republic with a growing regulatory framework aligned with EU standards. Crypto gains are subject to personal income tax at 15% (or 23% for high earners). A 2024 amendment introduced a tax exemption for crypto held over 3 years, effective from 2025.
Cryptocurrency is legal in Italy with a 26% capital gains tax on crypto profits exceeding €2,000 per year. VASPs must register with the OAM (Agents and Mediators Register). Italy was one of the first EU countries to require VASP registration and has aligned with MiCA.
Tax Type
Capital gains
Tax Type
Capital gains
Tax Rate
15-23%
Tax Rate
26%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
CNB (Czech National Bank), FAU (Financial Analytical Office)
Regulator
OAM (Organismo Agenti e Mediatori), Consob, Banca d'Italia
Stablecoin Rules
Regulated under EU MiCA framework
Stablecoin Rules
Regulated under EU MiCA framework
Key Points
- Crypto gains taxed at 15% income tax (23% for income above CZK 1,935,552)
- New exemption from 2025: crypto held over 3 years or gains under CZK 100,000 per year exempt
- VASPs must register with the FAU (trade licensing office) and comply with AML law
- MiCA framework applicable from December 2024
- Prague is a notable European hub for crypto businesses and blockchain development
Key Points
- 26% substitute tax on crypto capital gains exceeding €2,000 per year (since 2023 budget law)
- Italian government proposed raising crypto tax to 42% for 2025 but this was reduced back to 26%
- VASPs must register with OAM and comply with AML requirements
- Crypto holdings above €51,645.69 were previously the threshold; new regime simplified this
- MiCA framework applicable from December 2024