Public Consultation on Virtual Currencies

We would like to draw your attention to an initiative of the Ministry of Finance (MF) which has raised the topic of cryptocurrencies, or virtual assets, and the blockchain technology.

We have received a document from the MF of approximately 30 pages summarising the MF’s findings and views concerning blockchain and related topics. The document aims to solicit the opinions of experts as regards opportunities for the legal regulation of virtual assets and the use of blockchain technology for the record-keeping of book-entry securities. The document comprises a technical part, a summary of applicable legislation in the Czech Republic and abroad and an overview of the MF’s further course of action. Each part summarises the MF’s attitude, or expertise, including a question as to whether any objections have been raised by experts.

If you are interested in this topic or would like to comment on it, the respective document is available here.

The article is part of dReport – January 2019, Tax news; Grants and investment Incentives.

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