The Left Party #الألماني is pushing for strict tightening that includes a "exit tax" and the possibility of imposing a trading ban at the European Union level!

The new proposal submitted by the Left Party in #البيتكوين، is described as one of the most hostile initiatives toward Bitcoin seen in Europe so far.

Blocktrainer reports that the proposal calls on the German government to significantly tighten taxes, monitoring, and regulation of Bitcoin and digital currencies.

Among the proposals:
• Repealing the one-year holding rule in Germany, which allows Bitcoin profits to be tax-free for long-term investors.
• Imposing taxes on Bitcoin profits similar to stock market gains under capital asset tax rules.
• Applying an "exit tax" on unrealized gains of digital currencies for people leaving Germany.
• Expanding blockchain monitoring and tax enforcement powers.
• Mandating identity verification even for self-custody wallets when interacting with regulated services.
• Establishing a European central authority to oversee digital currencies.
• Considering a trading ban at the EU level on digital currencies deemed environmentally harmful or posing systemic risks.

The proposal specifically targets proof-of-work (PoW) based currencies like Bitcoin, citing energy consumption and comparing it to #ألمانيا countries, with calls to potentially impose trading restrictions at the EU level.

The Left Party claims that Germany loses billions in untaxed digital currency profits due to the current exemption linked to the holding period, while critics point to countries like #تايلاند، that have repealed similar rules but, according to reports, achieved significantly lower tax revenues.