...
Confirmation of same would have huge implications for all EU citizens as such legislative is likely to be mirrored by other member states as well.
The new German guidance is based on a decision by the European
Court of Justice from 2015. It is to be expected that other member states will
have no choice, but to implement it in a similar way.
The headline is misleading as usual for a Coindesk article. No German legislator ever
seriously considered the possibility of taxing the price movements of Bitcoin
when buying a cup of coffee with it. The taxation of Bitcoin has been pretty clear
for years (no taxes if a holding period of 1 year is passed) and is
working pretty well for all parties involved.
Compared to the tax situation regarding Bitcoin in other countries Germany´s approach
has been one of the best for years.
Such a rule of law will stimulate investments in Germany, but I do not understand how this will happen in the case of bitcoin. If you have exchanged bitcoin for euros and keep your money in a Bank account during the year the Bank uses this money and credits the economy. The state gets income from the profits of enterprises. Everyone's happy. But with cryptocurrency accounts, this is impossible. Maybe I don't understand something?