A draft bill from the German Federal Ministry of Finance proposes that gains on cryptocurrencies acquired after December 31, 2026, will be taxable regardless of the holding period, subject to a flat 25% withholding tax (effective 26.375% including solidarity surcharge). The new rules, set to take effect in January 2027, are expected to generate approximately 160 million euros ($186 million) in additional tax revenue in 2028.