Federal authorities in Berlin take aim at tax-free crypto profits

Crypto Insight Summary: The federal government of Germany is preparing to tap into profits from long-term crypto investments which are currently exempt from taxation in the country. According to a bill drafted by the Bundesfinanzministerium, 25% capital gains tax will soon apply even if the digital assets have been held for more than a year before sale. Merz... Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH / Bearish ADA Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: New tax policy may deter crypto investment in Germany, causing short-term bearish sentiment.