Crypto Tax Bill Fails to Gain Support in German Parliament

A draft law aimed at taxing cryptocurrency investors more heavily has stalled in the German parliament's Finance Committee.

The proposal, submitted by the Greens party, sought to end tax-free profits from long-term digital-asset investments. Currently, capital gains from the sale of coins held for more than a year after purchase are not taxed under Germany's regulations.

However, critics argued that the bill would have created new loopholes and taxed crypto investors more heavily than those who invest in traditional assets, such as stocks or precious metals.