Die Linke pushes Bundestag to ban proof-of-work crypto and scrap one-year tax exemption
- —Die Linke seeks a ban on proof-of-work crypto assets over 'massive environmental damage'
- —The party wants to scrap the one-year tax-free exemption on crypto holdings
- —Crypto gains would be taxed as capital income under the Abgeltungsteuer regime
- —The motion cites €47.3 billion in realized gains by more than 7 million users
Why it matters: Scrapping the one-year exemption would hit long-term German holders, but the opposition motion faces long odds given its clash with the EU's MiCA framework.
Source: Crypto Briefing
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