The party failed to secure an absolute majority in the 83-seat Landtag, so coalition talks lie ahead. At federal level, the AfD is leading in the polls and continues to promote its crypto initiatives, including support for Bitcoin.
The AfD’s Bitcoin policy
The AfD describes itself as the most crypto-friendly of Germany’s major parties. Its federal manifesto calls for ‘extensive deregulation’ of Bitcoin, wallets and cryptocurrency trading. According to Reuters, the party believes that regulators are being overly cautious.
In October 2025, the AfD tabled a motion in the Bundestag: the government had still not recognised Bitcoin as a strategic asset that could be held in foreign exchange reserves in the event of monetary instability. According to party representatives, it is a potential reserve asset.
The AfD also opposes the digital euro — the European Central Bank’s (ECB) CBDC project. The party wants to enshrine citizens’ right to cash directly in the constitution.
In addition to deregulation, AfD MPs have been pushing for more lenient rules for Bitcoin under the EU’s Markets in Crypto-Assets (MiCA) regulation. As a reminder, MiCA is a pan-European licensing regime for cryptocurrency companies.
In their view, the system is designed for centrally issued tokens, rather than decentralised assets such as Bitcoin. This viewpoint is echoed by the Bitcoin Bundesverband, an association that monitors developments in German crypto legislation.
Germany’s Finance Committee previously rejected a proposal by the Greens to abolish the tax exemption for BTC. This refers to the tax exemption for holding Bitcoin for more than a year — the AfD proposes retaining the same provision.
The debate over the scope of MiCA’s application is not limited to Germany. Poland has already seen three failed attempts to adopt its own regulatory framework that meets the standards.
The AfD’s prospects of leading Germany
Even after the elections, the AfD’s crypto agenda faces the same obstacle as the rest of its programme: Germany’s leading parties remain categorically opposed to forming a coalition with it at federal level. Consequently, proposals regarding cryptocurrency remain at the discussion stage rather than becoming law.
“This is a signal to the whole of Germany, a signal of self-confidence,” said Ulrich Sigmund, the AfD’s lead candidate in Saxony-Anhalt.
He emphasised that he would prefer new elections to ‘leading a minority government’. The fate of the coalition in Saxony-Anhalt remains undecided.
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