Can crypto be sold tax free in Germany?

In Germany, crypto can be sold tax free if it was held for over 1 year. Previously, if you've used crypto in a staking/lending protocol, you'd need to hold this crypto for 10 years for it to be tax free. However, this has now changed to the same 1 year holding period as of April 2022.

How did the crypto market perform in Q2 2022?

Amid challenging macroeconomic conditions and a slew of exploits, bankruptcies and debacles in the crypto industry, the year rounded off with a total crypto market capitalization of $829 billion, which is 64.1% lower than the $2.3 trillion at the start of year. Q2 2022 was the most brutal period with the largest drawdown.

Why is Europe the world's biggest cryptocurrency market?

The continent saw rapid growth in crypto transactions over the last year, fuelled in part by large investors looking for returns in the decentralised finance market. Europe is now the world's biggest cryptocurrency economy, with the continent receiving over €870 billion in crypto in the past year.

How do I declare my crypto activity in Germany?

You also have the option of declaring your crypto activity on paper and posting your tax forms to your local tax office (Finanzamt). To file your German crypto tax declaration, you'll may need 2 forms, one for general income, Hauptvordruck ESt 1 A, and one for your crypto income, Anlage SO.