Germany aims to collect billions in crypto tax by abolishing key exemption
The post Germany aims to collect billions in crypto tax by abolishing key exemption appeared on BitcoinEthereumNews.com. The federal government of Germany is expecting several billion euros in additional revenue from increased taxation of cryptocurrency profits. The tax reform ending an attractive exemption coincides with the full enforcement of Europe’s MiCA law, which should expand regulated access to digital assets. Germany to scrap one-year crypto holding period The executive power in Berlin intends to raise at least a billion euros a year more from German crypto investors, local media revealed. That’s evident from the draft federal budget for 2027 and the financial plan through 2030 prepared by the Bundesministerium der Finanzen (BMF). The proposal, excerpts of which were published by the finance ministry this week, has already been approved by the cabinet of Chancellor Friedrich Merz. It unveils that “combating financial and tax crime and introducing crypto taxation” should contr