Germany Sold Its Bitcoin In 2024Now It May Be Considering To Hike Crypto Taxes

Germany is considering a significant change to how it taxes cryptocurrencies like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: BTC), potentially ending the long-standing rule that exempts digital assets from capital gains tax after a one-year holding period.
What Happened: The proposal, part of the final draft from the “Budget, Taxes, Finance” working group in the ongoing coalition negotiations, suggests taxing cryptocurrency profits as private capital income at a flat rate of 30%, similar to traditional stock investments.
The change would mark a fundamental shift in Germany’s approach to digital asset taxation, bringing it in line with equity markets.
Currently, German investors who hold cryptocurrencies for more than one year are not subject to tax on any gains—a policy that has made the country a relatively favorable …Full story available on Benzinga.com

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