Federal Ministry of Finance (BaFin). Published a 24-page document on Tuesday OutliningThere are clear income tax guidelines for virtual assets and cryptocurrency. The tax rules for trading, acquiring and selling cryptocurrency are now clearly defined by both taxpayers and tax professionals.

It is important to note that anyone who has sold BTC/ETH within 12 months of acquisition does not have to pay taxes if they make a profit. Katja Hessel, Parliamentary State Secretary addressed the question of long-term stake in cryptocurrencies.