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Story: Germany’s 25% Crypto Tax Reform Threatens Long-Term Investors as Block Eyes Banking…

By Evie Vavasseur

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What Germany Still Won't Say. The Ministry of Finance hasn't been especially forthcoming about the details.

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Block Wants a Banking Charter in the US. On the other side of the Atlantic, Jack Dorsey's company Block is playing a very different game.

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Two Countries, Two Very Different Bets. The contrast between Germany and the US right now is kind of striking.

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Germany just blew up its own reputation as Europe's friendliest crypto tax haven. The country's Ministry of Finance has put forward a 25% tax on cryptocurrency gains, set to kick…

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Right now, Germany's setup is pretty much the envy of crypto holders across the continent. Sit on your coins for twelve months and you walk away tax-free. Full stop.

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The Ministry of Finance hasn't been especially forthcoming about the details. Inquiries about the draft law haven't gotten detailed responses — unclear whether that's a timing…

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It's not a small thing. DAC8 is designed to push crypto transaction data across EU member states, basically closing the information gap that has let some investors fly under the…

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The proposal still needs approval before it becomes law. The 2028 effective date gives some runway, but investors who built strategies around Germany's favorable environment are…

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Related: Germanys 25% Crypto Tax Plan Threatens Long-Term Investors Tax-Free Gains

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It's a pointed move. Block isn't trying to become JPMorgan. It wants a regulated foothold inside the US financial system without taking on the full weight of traditional banking…

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Whether the OCC grants Block's application is still an open question. No decision has been announced.

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The contrast between Germany and the US right now is kind of striking. Germany is tightening up, pulling back a tax benefit that made it genuinely attractive to long-term crypto…

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Neither path is obviously right. Germany's move brings it closer to how most other countries treat capital gains, which is probably where things were always heading.

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Related: Germanys 25% Crypto Tax Set to End Long-Term Holding Advantage by 2028

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Block's charter push, if it works, could set a template for how crypto companies grow up — not by fighting banks, but by becoming one. Sort of.

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