In line with the recent legislative policy led by the European Commission, the Czech Republic government aims to create a more strict approach to cryptocurrency anonymity.
Bitcoin and cryptocurrency are a popular phenomenon in the Czech Republic and the city of Prague. The region has over 80 merchants that accept bitcoin and many popular cryptocurrency startups. Czech Republic officials have traditionally had a pretty lenient stance towards digital currencies. According to regional publication Právní rádce, authorities are now concerned with money laundering and terrorist financing through digital currencies.
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