3 ms·
Not sure if this has anything to do with currencies. The rule in question applies to any sale of an asset in the private domain (“Privatverkauf”). It is the sam
by leobg 4y ago
Not sure if this has anything to do with currencies. The rule in question applies to any sale of an asset in the private domain (“Privatverkauf”). It is the same rule that would apply to reselling a house or a car or a washing machine. This is in contrast to capital gains, which are being taxed according to different rules, and where there is no such 1-year deadline. Capital gains are profits from the selling of stock, and also interest on money in your bank account. So essentially, the way the rules are being applied to cryptocurrency is simply telling us that cryptocurrency isn’t being recognized as any special form of capital, and is instead treated no different than a washing machine or a coin collection.
- bombcar 4y agoWhich is very interested because now there's a "demand" for crypto currencies that are fixed to ... SPY say, or VTI. I wonder how long it would take the Germans to work that trick out and come down hard. I also wonder how tiny a crypto currency could be ...
- leobg 4y agoWould be interesting if there was crypto fixed to individual stocks. But even then, of course, you’d be left with the risk of who guarantees the price, and who guarantees the liquidity.