Germany Zeros Tax for Cryptos

German Ministry of Finance issued a new guideline for crypto investors and how they should be taxed in this industry

Specifically, there was a 10-year law, where the assets  after a 10-year holding, are exempted from tax in capital gains. The respective law for cryptocurrencies has minimized the holding period to 1 year.

The label for “cryptocurrencies” as private assets, exempt them from taxation as capital gains, as they are considered to be as personal income issue. The same law would apply for cryptos, used for staking or lending.

In parallel, profits up to 600 € per year, will remain tax-free for privates and businesses