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60CRYPTO

Germany's Finance Minister proposes 25% tax on cryptocurrency profits

⚡ Markets: A significant policy shift in a major European economy that could reduce the incentive for long-term crypto holding in Germany and potentially set a precedent for other EU nations.BTCETH

German Finance Minister Lars Klingbeil has put forward a draft law to introduce a 25% tax on profits from cryptocurrencies like Bitcoin. The proposal would end the current system where gains are tax-free if assets are held for more than a year, though a tax-free allowance would remain.

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