Crypto Holding Period: Without a Purchase Record the Tax Withheld Runs Ten Times Too High

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The consultation on Germany's crypto tax bill closed on October 6 and the cabinet is to adopt it on October 14, with tax advisers, banks and the Bitcoin Bundesverband having filed their objections. The sharpest concerns everyone whose purchase data the selling platform does not hold: one adviser calculates a withholding ten times the tax owed.The consultation window has closed and the cabinet is next. Associations and specialists had until October 6, 2026 to send the federal finance ministry their comments on the draft bill to reform the taxation of certain crypto assets held privately. The draft of September 30 would abolish the one-year holding period for every crypto asset acquired after December 31, 2026. On Monday, October 12, the Bundestag's petitions committee holds a public debate on petition 201716, which calls for the holding period to be kept; on Wednesday, October 14, the cabinet is to adopt the draft. That still does not make it law: the Bundesrat and the Bundestag ...