Cointelegraph reported that the German government is pushing for a reform of the BTC and cryptocurrency taxation system starting in 2027. Finance Minister Lars Klingbeil announced on the 29th of last month, during a press conference regarding the 2027 budget, that the method of taxing virtual assets would be changed. Currently, in Germany, if cryptocurrencies are sold within one year of acquisition, taxes are imposed, but if held for more than one year, capital gains are exempt from tax. Due to this system, Germany has been considered one of Europe's leading long-term investment-friendly countries. The media stated, "Although Minister Klingbeil did not directly mention the long-term holding tax exemption system, industry groups such as the German Bitcoin Association believe that if the government seeks to expand cryptocurrency tax revenues, it is highly likely that the tax exemption system will be the first to be revised."
