It takes so little: just send one email. A small effort for you, but a big step for the whole country—especially if tens of thousands of other crypto supporters in the Czech Republic do the same.

1. Prepare a short message with your own arguments.
   You’ll find a guide on how to do it and key arguments below.
   Don't just copy the arguments—put them in your own words! It needs to be personal.
2. Choose your representatives from the list (you can pick multiple!) and send them an email.
   Find all representatives' email addresses here.
   
   

   A link to the relevant parliamentary document is at the bottom of this page.

   Don’t wait! The vote will take place in the second half of November 2024 (starting November 19th)!

Choose your arguments and rewrite them in your own words (or use GPT!): Standardizing crypto-assets With the introduction of MiCA, crypto-assets are becoming a standardized and regulated investment instrument. They should be treated the same as other assets—neither advantaged nor discriminated against. The claim that crypto is unregulated is completely false. In reality, it is one of the most strictly regulated financial sectors. The tax paradox of Bitcoin ETFs The launch of Bitcoin ETFs has created a tax inconsistency—securities backed by crypto-assets qualify for the time-based tax exemption, but the underlying crypto-assets themselves do not. This needs to be corrected legislatively. Encouraging long-term holding A time-based tax exemption for crypto-assets would encourage investors to hold them as strategic, long-term investments rather than engaging in short-term speculative trading. Reducing administrative burden The value-based tax threshold would ease the administrative load on tax authorities, simplify crypto adoption, and accelerate financial market innovation and digitization. Increasing tax revenues without capital flight Clear rules for long-term investors would keep capital within the Czech Republic, rather than pushing it abroad due to legal uncertainty, ultimately increasing tax revenues. Czech Republic as a global innovator The Czech Republic has been a global leader in the crypto industry. A clear and modern regulatory framework will help maintain this leadership in the future. High added value of the crypto industry The crypto industry already brings high-value-added jobs and increased tax revenue to the Czech Republic. Supporting its growth will further strengthen the economy. Stable legislation for growth A stable and clear legal framework sends a strong message to innovators and tech companies that the Czech Republic is building a solid foundation for their growth. This will attract more investment in research and development, reinforcing the country's position as a technological leader in Europe. Comparison with Germany and Austria In neighboring Germany and Austria, the holding period for tax exemption is only one year. The Czech Republic should not push capital abroad by maintaining an unfavorable regulatory approach to crypto-assets. Transparency of crypto-assets Crypto-assets are not as anonymous as often assumed. Thanks to modern technology, transactions are fully traceable. Implementing a time-based tax exemption will not lead to an influx of illicit funds. Additionally, the MiCA regulation will phase out anonymous cryptocurrencies from exchanges, further increasing security and transparency in the market. The message should remain positive and respectful.

How to Do It (Ten Key Points)

Here are ten key recommendations for writing to Members of Parliament:

1. Ask for Support: Begin with a polite introduction such as: "Dear Member of Parliament, I am reaching out to ask for your support in the vote on Chamber of Deputies Print No. 694, specifically Amendment A.4 on income tax law changes. This amendment introduces a time- and value-based test for crypto-assets…”
2. Do Not Ask for Special Treatment: Clarify that you are advocating for fair treatment of crypto-assets, aligning them with other investment assets, rather than seeking any preferential advantage.
3. Thank them: Conclude by expressing gratitude for considering your request.
4. Avoid Lecturing: Keep your reasoning concise and persuasive. Share why this issue is important to you without overwhelming the recipient with excessive details.
5. Be Authentic: Write in your own words to make the message personal and genuine (you can use ChatGPT for inspiration, but make it your own!).
6. Ask for Their Opinion: Show interest in their stance by asking for their perspective on this matter.
7. Remain Polite and Professional: Keep the message constructive and avoid provocative language.
8. Write to Multiple MPs: Send the same message to several MPs, ideally those representing your region or aligned with your political views.
9. Don’t Stay Anonymous: Include your name, city/town, and ideally your age and profession to add credibility to your request. ⓘ
10. Engage on Social Media: Support the cause by liking, sharing, and tagging MPs in discussions.

After the vote, we will publish how each MP voted, so everyone can verify whether their request was heard.

What’s This About?

The Czech Crypto Association, in collaboration with leading companies in the Czech crypto industry, has been working for two years to remove legislative barriers that hinder crypto-business and innovation.

Several legislative proposals have successfully passed the second reading in the Chamber of Deputies and now await a final vote in November/December 2024. Among them is:

• Print No. 694: A proposed amendment introducing a time- and value-based test for crypto taxation
  (Amendment A.4. – Income Tax – Pages 18-20)

However, not all MPs support these proposals or understand their significance for the country's economic future.

This campaign aims to demonstrate that the introduction of a time- and value-based test for crypto-assets is important to tens of thousands of citizens.

Your involvement can make a real difference. If you care about this issue, reach out to your MPs today—we are very close to success, but without your voice, years of effort might go to waste.

What’s at Stake?

Will MPs bring the Czech Republic back to the forefront of global crypto innovation?

Or will the proposals fail, leaving the country behind while innovation and capital move abroad?

Do Your Part!

 

Select an MP