Patrick Hansen: Germany's proposed cryptocurrency tax reform plan is unfair to retail investors

Patrick Hansen, Senior Director of EU Strategy and Policy at Circle, criticized the proposed crypto tax reform plan by the German Federal Ministry of Finance, which stipulates that if taxpayers cannot provide proof of purchase costs, tax authorities will charge 50% of the proceeds from the sale. Patrick Hansen believes that this clause is unfair to retail investors and the implied 50% tax base lacks rationality. Dr. David H ö tzel, Partner at Poellath, stated that the plan has not yet been finalized, but it may pose liquidity risks. (Source: news.bitcoin.com)