Are you going to vote? Then don’t forget to find out the parties’ positions on cryptocurrencies

It’s 2025 and the elections are approaching. Cryptocurrencies are no longer a marginal issue and are beginning to influence political events. Parties are looking for what they can offer their voters. It is therefore appropriate to ask what proposals the individual parties are preparing regarding cryptocurrencies. And there is plenty to draw from! In this article, we will give you a brief overview of how individual political groups stand on digital finance, taxation, and regulation. Only parties currently represented in the Chamber of Deputies are included.

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ODS and cryptocurrencies

The ODS party associates the topic of cryptocurrencies mainly with Finance Minister Zbyněk Stanjura. He pushed through a law that adopts the European MiCA and DORA rules. Service providers dealing with cryptocurrencies must now register and are supervised by the Czech National Bank.

The law also includes tax changes. Anyone who holds cryptocurrency for more than three years does not have to pay tax on the profit, an idea that has already been successfully implemented in several countries. Another new feature is that income from cryptocurrency up to a maximum of CZK 100,000 per year is also tax-exempt. For a while, there was also a provision that cryptocurrency would only be taxed on amounts over 40 million, but this was ultimately rejected due to pressure from the opposition. Not that ordinary small investors would have benefited from this, but it would certainly have attracted big players.

Pirates and cryptocurrencies

The Pirates are among the classic advocates of crypto. In 2024, they wanted to amend the Digital Finance Act to ensure that people would not have to pay tax on smaller transactions. Although this did not succeed in the end, all is not lost.

In their program for this year’s elections, they claim that they want to “bring cryptocurrencies out of the shadows and into the economy.” In practice, they are focusing their efforts on making coins widely accepted. They criticize banks for refusing to work with companies that pay with crypto. They also advocate for crypto taxation to be similar to that of securities.

ANO and cryptocurrencies

The ANO movement takes a pragmatic approach to cryptocurrencies. Back in 2024, Andrej Babiš participated in a crypto conference called Emergence. Among other things, he stated that Czechia should learn from the United States and propose changes to tax rules. The goal was to support investment and companies using cryptocurrencies.

However, it did not remain just empty words. MP Patrik Nacher collaborated on a proposal that would allow part of wages or pension savings to be paid in cryptocurrencies. This was the first concrete effort to bring crypto into people’s everyday lives. Former Minister Karel Havlíček, in turn, spoke about the need for the state to be transparent and predictable in its treatment of crypto.

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SPD and cryptocurrencies

The SPD has a rather conservative stance on crypto. As early as 2024, the SPD joined the debate on the Digital Finance Act, where they pointed out the risks of cryptocurrencies associated with money laundering and fraud.

MP Radovan Vích stated that “bitcoins are acceptable, but with conditions.” The party does not rule out the use of cryptocurrencies, but demands that they be clearly regulated and controlled by the state. Instead of promising to make crypto accessible, they are more interested in ensuring that crypto is not abused by criminal groups. The SPD therefore approaches blockchain with a certain degree of caution and warns against its potential for abuse.

STAN and cryptocurrencies

STAN is one of the governing parties that supported the introduction of European crypto rules into Czech law. Although they do not have a specific point about crypto in their election program, their legislative activities show their interest in addressing the issue. Already in 2024, STAN MPs were among those who voted for the “cryptocurrency package,” supporting the introduction of European rules into Czech law.

The mayors also participated in a proposal that allows part of wages and savings to be paid in crypto. This shows that STAN considers cryptocurrencies to be part of the modern economy and is open to their practical use.

TOP 09 and cryptocurrencies

TOP 09 does not mention crypto directly in its election program, but that does not mean it is not interested in it. For example, TOP 09 MPs were among those who supported the proposal to send salaries and savings in cryptocurrencies. As early as 2024, TOP 09 also attempted to simplify tax obligations for ordinary cryptocurrency users.

The party also believes that people should have more freedom in managing their finances, including storing their money in coins. Overall, Michal Zuna is the TOP 09 MP most interested in cryptocurrencies. In his articles, he even describes how and why Czechia could become a “crypto superpower.”

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KDU-ČSL and cryptocurrencies

The People’s Party does not particularly focus on crypto in its program. However, like other parties, they have joined the proposal to pay wages and savings in crypto. In their current reports, they point out the need for digitization. MP Michal Kohajda (independent for KDU-ČSL) and other MPs pushed through simpler taxation conditions for Bitcoin owners. It is clear that the People’s Party is not lagging behind in crypto.

What do political positions on crypto have in common?

As can be seen from the above overview, each party has a slightly different approach to crypto. The ODS is attempting to make progress through regulation and tax changes. The Pirates, on the other hand, are doing so through support for innovation and fair conditions. ANO, STAN, TOP 09, and KDU-ČSL are focusing mainly on how crypto could be integrated into everyday life. The SPD is taking a more cautious approach, emphasizing conditions and oversight.

In general, however, there is a clear political consensus on the political scene that cryptocurrencies need clearer rules. Similarly, everyone agrees that it is necessary to embrace new innovations while protecting users (consumers) so that they do not lose their savings. So, unless something goes terribly wrong, it looks like Czech legislation will soon jump on the digital bandwagon and make it easier for you to do business in the crypto world.

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CryptoTeam
CryptoTeam is an independent editorial group of analysts, investors and technology enthusiasts united by a common goal: to provide objective, verified and understandable information from the world of digital assets. Our mission is to cultivate the Czech crypto environment and offer an in-depth look at the evolution of finance.