Czech Republic passes crypto-friendly law, exempts Bitcoin from capital gains

The Czech Republic has passed legislation exempting Bitcoin and other digital assets from capital gains tax if held for more than three years.  President Petr Pavel signed the law, according to BTC Prague, aligning the country’s crypto taxation with traditional securities. The tax exemption applies to individuals and non-business activities, eliminating previous tax disadvantages for […]

Crypto-friendly ZA Bank considers opening physical branches in Hong Kong: report

ZA Bank, a digital neobank offering crypto trading, is reportedly considering physical branches in Hong Kong following new HKMA rules. Hong Kong‘s digital banks are exploring the possibility of opening physical branches as the local regulator introduced new rules allowing them to do so, the South China Morning Post has learned. According to the report, […]

Crypto-friendly Custodia Bank achieves SOC 2 Type II compliance certification

Custodia Bank, a crypto-friendly Wyoming-based bank, has achieved a major milestone in its security controls by obtaining certification as a System and Organization Controls 2 compliant bank.  On Jan. 8, Custodia Bank announced it had achieved the SOC 2 Type II, adding to its earlier milestone of completing the Type I audit. SOC 2 is […]