Czech President Petr Pavel has signed a significant cryptocurrency law, providing regulatory clarity for digital assets in Czechia, aligning with EU regulations. The new legislation simplifies tax rules and allows cryptocurrency companies access to bank accounts upon obtaining the necessary licenses. Additionally, Telegram has mandated that all third-party crypto wallets must use the TON Connect protocol, which has faced backlash from existing wallet services required to transition by February 21. MicroStrategy, now rebranded as 'Strategy,' reported a $670 million net loss in the fourth quarter of 2024 while stacking 218,887 Bitcoin during this period. The firm experienced a substantial rise in expenses, attributed to its ongoing capital plan to acquire more Bitcoin, which has reached a total worth of over $45 billion in its holdings.

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