Germany proposes taxing Bitcoin gains like stocks in new draft legislation

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Germany is considering a draft bill that would change how Bitcoin and other cryptocurrencies are taxed, bringing them in line with stocks and other capital assets. Under the proposed rules, gains from Bitcoin would be subject to capital gains tax regardless of how long the asset has been held. This marks a significant shift from the current framework, which allows investors to sell cryptocurrency tax-free after holding it for at least 12 months. Importantly, existing holdings would be grandfathered in, meaning they would retain the current favorable tax treatment. The proposal signals a broader move by German authorities to tighten regulation and taxation of digital assets.

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