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Circle executive says Germany\'s 50 percent crypto tax plan would hit retail investors hard

Concerns are growing that Germany’s proposed overhaul of cryptocurrency taxation could increase burdens on retail investors. A draft would apply a 50 percent taxation benchmark based on an assumption that an asset’s value doubled when investors cannot prove the acquisition price. Circle executive Patrick Hansen said the rule would be especially unfavorable for consumers who are unaware of the change or cannot document cost basis. The plan would apply to crypto acquired after Dec. 31, 2026.