German parliament rejects bill to end crypto capital gains tax exemption

Germany's Federal Parliament (Bundestag) has rejected a tax reform bill that would have eliminated the country's long-standing tax exemption for crypto capital gains, according to a media outlet. The proposal, introduced by the German Green Party, sought to abolish the current policy that makes capital gains tax-free when cryptocurrencies are sold after being held for more than one year. The Green Party argued that crypto assets should be subject to the same tax rules as other investments. However, opponents contended that the measure could have imposed a higher tax burden on crypto investors compared to those in traditional stocks. The Green Party had estimated that repealing the exemption could generate approximately €11.4 billion ($12.3 billion) in additional annual tax revenue for the government.