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Is it true that in Germany there is a crypto tax exemption?

The article discusses the case of Germany and its exemption on crypto taxes. While capital gains from the sale of cryptocurrencies in Germany are usually taxed, there is an exemption for long-term investors. According to chapter 23 of the EStG, crypto sold after a holding period of at least one year is exempt from taxes on capital gains. The exemption applies to profits if the total profit realized from private sale transactions in a calendar year is less than 1,000 euros. The article also mentions that not many countries have introduced a similar "speculative period" for capital gains taxes, and rates vary across countries. Some countries, like Switzerland, have a 0% tax rate on financial capital gains. Lastly, there are a few countries considering taxing unrealized potential capital gains, but this is not yet implemented in any civilized countries.

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