RE: [dtube] Best Countries for Cryptocurrency Investors (0% Tax!)
This is an interesting video, Germany 🇩🇪 is one of the tax haven bitcoin country they considered it as private money this is an incentive for the investors in this county. Denmark 🇩🇰 is also classified as one of the cryptos friendly in the world. So if you are in these countries aforementioned you can bypass capital gain of Bitcoin/cryptos
@louisthomas thank you for sharing this amazing video, is informative.
In Germany, Bitcoin and other cryptos are not considered as a commodity, a stock, or any kind of currency. Instead, these things are considered as private money in a way that’s similar to foreign currency.
Trading bitcoins/altcoins are considered as a private sale under the rule 23 EStG which has tax-free benefits.
According to this rule, it means anyone trading bitcoins/altcoins is totally tax exempted if their capital gains are not more than 600 EUR. Also, if a trader is selling his/her Bitcoin/altcoins after a period of one year or more, then those capital gains are also totally tax exempt.