Германия может признать биткоин ключевым активом для стратегии на цифровых рынках Translation: Germany may recognize bitcoin as a key asset for strategy in digital markets.

The German parliament is set to examine a resolution urging the recognition of the first cryptocurrency as a unique decentralized digital asset that warrants a strategic approach.

This document was submitted to the Bundestag by the Alternative for Germany party, which aims to ease regulations surrounding Bitcoin.

The proposal asserts that digital gold is fundamentally distinct from other crypto assets and should not be subjected to the unified European cryptocurrency regulatory framework known as MiCA.

“Excessive regulation of Bitcoin service providers and users under national rules jeopardizes Germany’s innovative potential, financial freedom, and digital sovereignty,” states the resolution.

The current taxation regime for Bitcoin is deemed «fundamentally positive» (with no VAT), but legal uncertainties persist, hindering private long-term investments, according to the party.

The group has called on lawmakers to consider Bitcoin as a strategic asset within national reserves:

“The German government has yet to strategically recognize Bitcoin, for instance, as a technology for energy integration or, during periods of rising monetary instability, as an asset stored within currency reserves.”

The authors of the document also advocate for retaining the current 12-month holding period for tax-exempt income, exempting the first cryptocurrency from VAT, and ensuring the right to self-custody for individuals.

It is worth noting that in the summer of 2024, German authorities sold 49,858 BTC for €2.6 billion ($2.88 billion). These assets had been seized from the pirate website Movie2k in January.