Strictly speaking, Germany only recognizes that cryptocurrencies can be used as a means of payment, but they do not admit that cryptocurrencies are a type of “money.” Banks will not use cash to exchange your cryptocurrencies. Contrast to gold is also a Payment means, but many banks can use cash to buy your gold.
indeed, although there are still some shortcomings about the German crypto allow crypto as a means of taransaksi because of the many residents there who use crypto why Germany still not recognize as a currency because they believe that crypto is called a non-currency asset because it is not real. 
Topic: Germany Approves Cryptocurrency As Legal Means Of Payment (Read 593 times)
And I see in this news such sense-Germany needed an inflow of capital. If they legalize the crypt, then not only money, but also people - the minds of today-will be drawn to them. The technology is popular in the scientific world, bitcoin is used by large investors. So Germany in this regard is on the path of the leader.
If bitkoyn recognized Germany's currency and legal tender, then other EU countries also have to do it. In practice, this means that the civilized world in the near future is moving to a crypto-currency financial system. The rest is a matter of technique.
Strictly speaking, Germany only recognizes that cryptocurrencies can be used as a means of payment, but they do not admit that cryptocurrencies are a type of “money.” Banks will not use cash to exchange your cryptocurrencies. Contrast to gold is also a Payment means, but many banks can use cash to buy your gold.
I doubt that commercial banks will also be involve with cryptpcurrencies. Cryptos in its nature is a volatile asset which make it unattractive for banks to invest there money with. That is why you can only see known Fiat currencies as well as Gold being traded with banks as they known for their stable movement in the market. They are not willing to take a risk on cryptocurrencies as it will give then inaccurate reports if their expected income.
Strictly speaking, Germany only recognizes that cryptocurrencies can be used as a means of payment, but they do not admit that cryptocurrencies are a type of “money.” Banks will not use cash to exchange your cryptocurrencies. Contrast to gold is also a Payment means, but many banks can use cash to buy your gold.
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Their are some things to think my friends, there some payment in this word that doesn't need to be legal when receiving a payment or giving a payment as of Bitcoin when you give it as payment and the other party accepted it that is the thing matter most, since payment thing has many ways, you can pay fruits over a basket of bread, some uses their body (special service) to pay some things they broke or damage, some pays a broken glass with a good pair of silverwares, as long as the two party agreed with the payment then I don't think they need for legal terms for it, I think agreement is the best, legalizing also crypto as payment is forcing everyone to get engage.
in Germany Bitbond works by letting clients hold their loans in Bitcoin or other cryptocurrency for a very short time before they are redeemed to the original fiat currency of the recipient country. This method maintains a relatively fixed exchange rate and prevents the well-known volatility of market cryptocurrency from undermining the process.
This is very good news for virtually all of Europe. Since Germany is one of the leading countries in Europe, the recognition of its crypto currency as a means of payment will have a positive impact on all countries of the European Union.
If the reference to the decision of the European Court refers to the European Court of Human Rights, in accordance with the respective Convention signed by these countries, all European countries will have to bring their own legislation in accordance with the decision of this court.
If the reference to the decision of the European Court refers to the European Court of Human Rights, in accordance with the respective Convention signed by these countries, all European countries will have to bring their own legislation in accordance with the decision of this court.
not only Germany but Dubai America and other major countries approved crypto entry into their country into a legitimate payment instrument, allegedly Germany is among the largest people using bitcoin so the government there allows bitcoin as a means of payment.
Yeah country that is known for tourists destination I have no doubt it follow what Germany and other major cities in the world who uses bitcoin as a legal tender, because there are lot of advantages in using crypto currency, because of past and economical way of transfer which advantageous for tourism business.
not only Germany but Dubai America and other major countries approved crypto entry into their country into a legitimate payment instrument, allegedly Germany is among the largest people using bitcoin so the government there allows bitcoin as a means of payment.
Germany is one of the leaders in Europe and world when it comes to economics. This new is very encouraging and we could see others follow these steps.
I'm very happy to hear this. In some way it is inevitable.
German people are like Japanese. Both of them are hard workers. Legalizing cryptocurrency will make their economy rise because they are going to get paid in bitcoin, thus will get huge profits when the price increases. Added to that, unlike China and India, Germans are smart and they know what to do. I do not see any flaw in the approval of bitcoin. And I hope they continue with that decision.I'm very happy to hear this. In some way it is inevitable.
Germany is one of the leaders in Europe and world when it comes to economics. This new is very encouraging and we could see others follow these steps.
I'm very happy to hear this. In some way it is inevitable.
German people are like Japanese. Both of them are hard workers. Legalizing cryptocurrency will make their economy rise because they are going to get paid in bitcoin, thus will get huge profits when the price increases. Added to that, unlike China and India, Germans are smart and they know what to do. I do not see any flaw in the approval of bitcoin. And I hope they continue with that decision. I'm very happy to hear this. In some way it is inevitable.
Certain parts of Europe is going crypto friendly and I'm very amazed by that. I hope that this will also get implemented as soon as possible in my country so we can use the power of blockchain to boost our economic status.
But there will be always someone on the opposing side. EU is still 50/50 as far as crypto or bitcoin adoption is concern. There's a lot of government and central banks that's against crypto in general. But I like what I'm seeing here. Yes, Germany is one of the most developed economy so its going to be a big boost specially if they are going to give tax exempts and other incentives so that more will be encourage to join the cryptoverse. Let's see how it goes after the G20 meeting as it's one of the hottest topic they discussed. They say that they are going to study crypto and the decision could be announce in July. We all know that a lot of EU nations are part of this group, so the decision could really bring weight to the ecosystem. Specially if country like Germany leading the way in EU.
Certain parts of Europe is going crypto friendly and I'm very amazed by that. I hope that this will also get implemented as soon as possible in my country so we can use the power of blockchain to boost our economic status.
I don't believe this is going to happen. It seems to me that all governments will go the other way. They will simplify the procedure for enrollment of Fiat from the exchange of cryptocurrencies. This will make it possible to control the income of citizens but will not allow the use of cryptocurrencies as a currency. This will not jeopardize the economy.
Yes, it may be too early to "denationalizing the production of money". Even when it's positive news for crypto and bitcoin users within the country, it may not be possible to adopt this at a nationwide level. Germany may be trying to advance however they may be jumping a bit too far. Fiat is still the most convenient to use as of the moment and unless technology immediately advances and develops to help facilitate the use of crypto as a currency, then it may not be realized yet for the moment even if their government wants to.
This should settle the EU contemplation about adoption of bitcoin because Germany is one of the powerful leader of the eu community. It means in a short while, we are going to be getting some more positive news from the European countries.
Germany is a very strong country economically or we can say that it is the leader. They stepped out with this great news which is going to be a big push to crypto. Maybe we will not see that right away, but it is a big step forward definitely.
A lot of implications can be seen to this move. As you mentioned, Germany, one of the leading economic leaders in the world, may contribute to its price in the market due to its legalization and utilization in the country. Since an economic leader has approved of bitcoin being used into its transactions and payment, it may influence other countries as well to follow this move, thus increasing the price of bitcoin significantly.
In adherence to this implementation, this is a huge step forward to the cryptocurrency world as the government of Germany views 'bitcoin' as a LEGAL means of payment. It cohered and harmonized with their laws and this implies that countries may soon be influenced by this move.
Germany is a country that invests in crypto moneys, I am not surprised that crypto moneys have become legal in Germany. I am very hopeful of crypto moneys from Western european countries, eastern and southern european countries should follow this innovation as soon as possible.
I don't believe this is going to happen. It seems to me that all governments will go the other way. They will simplify the procedure for enrollment of Fiat from the exchange of cryptocurrencies. This will make it possible to control the income of citizens but will not allow the use of cryptocurrencies as a currency. This will not jeopardize the economy.
What Germany did about crypto currency that being considered as regular currency is a brilliant move by the German government aside from taxes that it's generate because of some business transaction bitcoin is more powerful than US dollars in term of its value it would create inflation and boost the economy. Jump to: