Changes in trading from January 1st, 2017
Due to amendment of the Act No. 368/2016 Coll., which relates to precaution against legalization of earnings from criminal activity and financial support of terrorism, changes occur in trading of virtual currency from 1st, 2017. Changes are MANDATORY and have to be respected by ALL traders with virtual currency in the Czech Republic.
Bitcoin via cash in tobacconist chain GECO
Purchasing and selling bitcoins via cash is temporarily interrupted from January 1st, 2017 to January 29th, 2017 due to mentioned amendment of the law and additional training of staff at the GECO's sales chain. Purchasing and selling bitcoins via cash in tobacconist chain GECO will be again operational on January 30th, 2017, transactions will be limited to the amount of 25 000 CZK. Trading of bigger amounts will be subjected to the client's registration.
Online purchasing and selling bitcoins is limited to the amount of 25 000 CZK per person / bank account. In a case of limit exceeding, provider must NOT realize the transaction without client´s registration. If the client cannot be contacted from our side, the amount of money or bitcoins will be send back to the bank account or the bitcoin address.
Bitcoin Banking still allows our clients to make over limit transactions without restrictions.
We are and we will be Czech company with a motivation to trade virtual currency across the World.
Kindly please, accept our appology for inconveniences and the short unavailability of EasyCoin's service - bitcoin via cash in tobacconist chain Geco. As a Czech company we have to respekt laws of our country.Martin Stránský