Germany has prepared a new draft bill that proposes taxing bitcoin under rules comparable to those for stocks. The initiative aims to revise the regime for tax-free gains.

For existing assets, according to the presented description, the current order remains in effect. It may allow selling bitcoin without tax after holding it for 12 months.

The significance of the initiative depends on the content of the draft bill and its further progression. Available materials represent a brief description by CoinDesk, not the full text of the document or confirmation from German authorities.