Germany publishes first nationwide tax guide for crypto

Germany's Finance Ministry has issued guidance on the income tax treatment of cryptocurrencies, the first nationwide guidance on the subject.

Individuals can sell Bitcoin or Ether tax-free after one year, Parliamentary State Secretary Katja Hessel said in a statement.

The guidance covers topics such as mining, staking, lending, hard forks and airdrops, as well as the tax treatment of buying and selling bitcoin and ether, the Finance Ministry said.