A recent attempt to increase taxes on cryptocurrency owners in Germany has come to an end after being met with resistance from various political parties.
The Greens had submitted a draft law that aimed to tax profits from digital asset investments, but the proposal was rejected by the Bundestag's Finance Committee.
The current regulations exempt capital gains from the sale of coins held for more than a year from taxation. However, critics argue that this exemption benefits cryptocurrency investors too much and creates an unfair advantage over traditional assets.