Germany Simplifies Laws on Taxation of Crypto Income

Crypto holders in the country will no longer be held to the previous traditional "10-year" rule.   Germany’s federal ministry of finance has published a release outlining its plans for taxing crypto and blockchain-related income.   Among other things, Germans who sell their crypto holdings after 1 year of possession do not have to pay taxes.  Tax-Free After a Year According to Parliamentary State Secretary Katja Hessel, this applies specifically to digital currencies Bitcoin and Ethereum. This is only one of…