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Germany’s finance minister is considering adjusting the tax treatment of crypto assets, potentially removing the one-year tax exemption policy for Bitcoin holdings
Mars Finance News, German Finance Minister Lars Klingbeil stated that the German government plans to tax Bitcoin and other cryptocurrencies in a manner different from current regulations, potentially abolishing the current policy where holding assets for over a year exempts them from taxes, and aligning their tax treatment more closely with stock assets. The proposed adjustments have already sparked some legal scholars to question whether implementing a stricter tax regime solely for Bitcoin might involve the principle of equal protection under the German Constitution. Previously, Austria had canceled a similar long-term holding tax exemption policy.