Czech Republic vs Latvia
Crypto regulation comparison
Czech Republic
Latvia
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 Latvia and regulated under the EU MiCA framework. Since 2023, the financial regulator FKTK merged into Latvijas Banka, which now oversees VASP registration and AML compliance. Capital gains from crypto are taxed at 20%. Latvia has been proactive in implementing EU-wide crypto standards.
Tax Type
Capital gains
Tax Type
Capital gains
Tax Rate
15-23%
Tax Rate
20%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
CNB (Czech National Bank), FAU (Financial Analytical Office)
Regulator
FKTK (Finanšu un kapitāla tirgus komisija) / Latvijas Banka
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
- VASPs must register with Latvijas Banka and comply with AML/CFT requirements
- Capital gains from crypto taxed at 20% personal income tax rate
- MiCA framework applies from December 2024, transitioning existing registrations
- Latvia transposed the 5th Anti-Money Laundering Directive for crypto oversight
- Latvijas Banka absorbed FKTK regulatory functions in January 2023