The Slovak Republic has enacted a bill to align the Slovak legislation as per the Markets in Crypto-Assets (MiCA) Regulation (2023/1114).
The bill pertains to certain obligations and authorisations in the field of crypto active and amending certain laws. This Act governs specific rights and obligations of individuals in accordance with a special regulation, as well as clarifies the scope and authority of the National Bank of the Slovak Republic within the parameters established by that regulation.
Effective 1 January 2025, the bill will replace the term “virtual currency” in the Income Tax Act with “crypto asset,” as defined in Article 3, Paragraph 1(5) of the MiCA Regulation. ‘Crypto asset’ means a digital representation of a value or of a right that can be transferred and stored electronically using distributed ledger technology or similar technology.
The President signed the bill on 20 September 2024, which was published in the Collection of Laws as No. 248/2024 Coll. on 4 October 2024.
