In Germany, the opposition called for recognition of Bitcoin's strategic status.

• AfD members have called for Bitcoin to be recognized as a strategically important asset.
• They demand its deregulation and a reduction in the tax burden.
• The party also believes that the German government should consider including Bitcoin in its foreign exchange reserves.

The Alternative for Germany (AfD) parliamentary opposition group has introduced a resolution recognizing Bitcoin's strategic status. Members of parliament advocate for reducing the tax burden and deregulating the asset to support its innovative potential.

The AfD stated that Bitcoin is fundamentally different from other crypto assets. It is not susceptible to manipulation, is decentralized, and has a limited supply.

Therefore, the asset should not be subject to the MiCAR regulations, the resolution states. The deputies also demanded that the authorities clarify a number of other issues.

Specifically, they insist on maintaining the 12-month holding period for crypto assets, after which no tax is levied on the proceeds from sale. The AfD also demanded that mining and operating Lightning Network nodes in the private sector be recognized as non-corporate activities.

If the resolution passes, authorities must also publish a “strategic statement” on Bitcoin's role as “free money for the 21st century” and acknowledge its potential.

“The German government has so far failed to strategically recognize Bitcoin, for example, as a technology for energy integration or, in periods of increasing monetary instability, as an asset stored in foreign exchange reserves,” the statement reads.

Otherwise, if the authorities do not listen to the opposition's opinion, Germany risks losing its innovative potential, the party believes.

We previously reported that France had called for the creation of a Bitcoin reserve. However, the European Central Bank has taken an extremely hardline stance on the matter.

Furthermore, German authorities have been repeatedly criticized for selling 50,000 BTC from confiscated assets. Within just a few months, the lost profit from this portfolio amounted to $1.6 billion.

Source: cryptonews.net