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Going, going ...The German government has been working on regulating cryptocurrencies for some time, and in passed a law allowing banks to hold and sell cryptocurrencies. Can gains on cryptocurrencies be tax-free? If cryptocurrencies are held for more than one year, the profit from the sale is completely tax-free in Germany. Bundesrepublik an Spitze der deutschen Bitcoin-Halter. Die Bundesrepublik wird damit zu einem der gro?ten Halter von Bitcoins in Deutschland.