- A young group of crypto enthusiasts is raising awareness about DeFi and crypto in the Czech Republic.
- “We’re here to support the ecosystem and are open to collaborating with anyone whose ethos aligns with ours,” said one of the members.
- Interestingly, there are others including royals that are interested in growing the crypto space in the European nation.
According to a recent report, a bohemian group of crypto enthusiasts is raising crypto awareness in the Czech Republic. The crypto group that goes by the name Ztohoven operates out of a factory called Paralelní Polis.
The Paralelní Polis functions as a center for organizations rebelling against government control, advocating decentralized technologies, and operating beyond the confines of the law and central banks. The space, according to the group, severs as a ground for innovation and exploration of decentralized tech.
While speaking to CNBC, one of the organizers Dan Ligocký expressed that the group’s dedication to privacy, freedom, and self-sovereignty goes with the fundamental principles of the Web3 movement. “We’re here to support the ecosystem and are open to collaborating with anyone whose ethos aligns with ours,” said Ligocký.
Interestingly, the group and its efforts are popular enough to bring down names such as Vitalik Buterin to the site. Polis, according to the report, is where technology, philosophy, and activism come together.
This is not the only crypto operation in the nation. Not very far from Polis is the palace where nobles William and Ileana Lobkowicz often conduct crypto-related events. This year the royals hosted prominent coders and developers from Ethereum for a one-day event.
Residents and analysts in the region believe that the acceptance of crypto and Bitcoin in the locality is because of the nature of the inhabitants. Czechs, according to crypto economist Josef Tětek, are naturally doubtful of authority, a result of the monarchy and occupations they’ve endured. Tětek added:
Overall, the bitcoin community in the Czech Republic is very strong, especially when measured per-capita.
It is also interesting to note that because of the rising regulatory scrutiny within the U.S., several crypto firms and developers are moving to countries like the Czech Republic to evade what they call a “dictatorial space.”
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