Germany’s SPD Looks to End Bitcoin Tax Exemption, Impacts Long-Term Holders

German political shifts could significantly impact the crypto space as experts warn of the potential end to a long-standing tax exemption for Bitcoin holders. The Social Democratic Party (SPD) is poised to lead the finance ministry in the upcoming government, potentially bringing about sweeping changes to how crypto is taxed. This move comes after reports suggesting an elimination of the one-year holding period that shields profits from capital gains taxes—a unique benefit currently offered by Germany’s tax framework.