Crypto Holdings Will Remain Tax-free After 1 Year- German Ministry of Finance

The Ministry of Finance in Germany has issued a clarification that crypto holdings will be exempted from tax for up to 1 year. This extends to all your income coming from crypto staking, lending, airdrops, and other transactions using Bitcoin and Ether. According to the notification, “It will be free if crypto users (you) hold it for one year.”

Cryptocurrency users are quite happy about the announcement, and state that this makes Germany the top choice for cryptocurrency users. Many countries in the world have taxed crypto staking and lending procedures and the income they produce. 

However, this is not the final state, the Government has warned. They will publish more announcements about it in the upcoming months.