Germany to Wind Up Crypto Taxation For Long-Term Investors

  • The European nation of Germany has stated that all traders and crypto fans who hold their tokens for more than a year will not be made to pay taxes on their digital stashes. The move comes by way of new tax regulations Germany’s lawmakers have implemented.
  • According to a report issued by popular digital currency exchange Gemini, trading crypto in Germany has gotten quite big over the years, with roughly 17 percent of the population having traded or held digital currency at one time.
  • It is believed that Germany offers roughly 14 percent of Ethereum nodes and 9 percent of bitcoin nodes, making it one of the biggest contributors to the growth of both networks.

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