Topic: Germany Approves Cryptocurrency As Legal Means Of Payment - page 2. (Read 593 times)
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.
It's surely will improve bitcoin influence over the world especially when German is honorable state
Although it's the effect is not significant as much as halal legalization but if German already legalize bitcoin, I'm sure more country will follow their track !
Although it's the effect is not significant as much as halal legalization but if German already legalize bitcoin, I'm sure more country will follow their track !
This will be the biggest innovation for Germany. We know how important the cryptocurrency is. We see how bitcoin works for now, but in the future, it can be the biggest innovation. We need to promote bitcoin, to make bitcoin value grows high. It would be legalized if all of the people can promote it. We know what bitcoin will be in the future, and what will be the best advantage of bitcoin.
This is good news for the crypto currency community. This can be regarded as the position of the German authorities in relation to the crypto currency market. The recognition of BTC as a means of payment in Germany, as well as the exemption of a number of transactions from taxes, is a positive signal for the whole market.
This is a very good decision, first of all, by the European Court of Human Rights. Germany simply had to comply with the decision of this court, that is, to bring its national legislation in accordance with the specific decision of this court. Also, all 41 states that signed the European Convention on the Protection of Human Rights and Fundamental Freedoms of 1950 must do this. I am glad to hear this, since my country signed this Convention in 1997, and therefore it is subject to compulsory execution of the decisions of the European Court. In addition, the legislative body of my country (Ukraine) has already introduced a bill on the exemption of any transactions with crypto currency from paying taxes.
"If the Director of the Forex really makes such statements then he is a stupid idiot. Germans really far-sighted and clever nation. They will never take such a stupid step to make cryptocurrency state. Even if the Euro dies. They can always easily return to the Deutsche mark. Probably Katherine Brooks wants to destroy the German economy"
On the one hand you're right, and on the other hand there would be no other way to avoid Blockchain platforms in business and commercial world. Government has opposite function from business. It should just let new economic to develop hand in hand with new technologies.
On the one hand you're right, and on the other hand there would be no other way to avoid Blockchain platforms in business and commercial world. Government has opposite function from business. It should just let new economic to develop hand in hand with new technologies.
On Monday, Germany's finance ministry brought Bitcoin one step closer to legitimacy by declaring it a "unit of account," thus allowing it to be used as legal currency for tax and trading purposes. Supporter and parliament member Frank Schaeffler says that classifying the virtual currency under the country's banking rules represents "a first step" towards denationalizing the production of money, and hopes that the government doesn't interfere with its success: "A free country should...not intervene in citizens' private choice of money." 
As Bitcoin continues to grow in popularity, it's been attracting increased attention from government and financial institutions. Germany's ruling opens the way for officials to collect tax on commercial profits made through Bitcoin transactions, which FOREX.com research director Katherine Brooks says is "a good example of German forward-thinking...[Bitcoin] could become an alternative to the euro if the single currency ever ceased to exist." BTCBTCBTC
If the Director of the Forex really makes such statements then he is a stupid idiot. Germans really far-sighted and clever nation. They will never take such a stupid step to make cryptocurrency state. Even if the Euro dies. They can always easily return to the Deutsche mark. Probably Katherine Brooks wants to destroy the German economy. As Bitcoin continues to grow in popularity, it's been attracting increased attention from government and financial institutions. Germany's ruling opens the way for officials to collect tax on commercial profits made through Bitcoin transactions, which FOREX.com research director Katherine Brooks says is "a good example of German forward-thinking...[Bitcoin] could become an alternative to the euro if the single currency ever ceased to exist." BTCBTCBTC
Well, good news. And probably we'll see soon that many other countries all over the world will follow the great example of Germany.
Anyway it's a huge credit of trust to cryptocurrency from Germany to let people give it a try 
of course it's not going to be set up in a few days, but we are talking about our future economy system. I don't want to see my kids being afraid of technology: we should control and develop it according our needs - not opposite
of course it's not going to be set up in a few days, but we are talking about our future economy system. I don't want to see my kids being afraid of technology: we should control and develop it according our needs - not opposite
On Monday, Germany's finance ministry brought Bitcoin one step closer to legitimacy by declaring it a "unit of account," thus allowing it to be used as legal currency for tax and trading purposes. Supporter and parliament member Frank Schaeffler says that classifying the virtual currency under the country's banking rules represents "a first step" towards denationalizing the production of money, and hopes that the government doesn't interfere with its success: "A free country should...not intervene in citizens' private choice of money."
As Bitcoin continues to grow in popularity, it's been attracting increased attention from government and financial institutions. Germany's ruling opens the way for officials to collect tax on commercial profits made through Bitcoin transactions, which FOREX.com research director Katherine Brooks says is "a good example of German forward-thinking...[Bitcoin] could become an alternative to the euro if the single currency ever ceased to exist." BTCBTCBTC
As Bitcoin continues to grow in popularity, it's been attracting increased attention from government and financial institutions. Germany's ruling opens the way for officials to collect tax on commercial profits made through Bitcoin transactions, which FOREX.com research director Katherine Brooks says is "a good example of German forward-thinking...[Bitcoin] could become an alternative to the euro if the single currency ever ceased to exist." BTCBTCBTC
This is great news for bitcoin and for Germany. I believe that to prohibit bitcoin - there is no sense.
I can add that the concrete decision of the European Court of Human Rights is a source of law and is binding for all states that signed the Convention for the Protection of Human Rights and Fundamental Freedoms of 1950. This is 41 states in Europe and in general in the world. These states will be obliged to amend their laws to ensure that their laws comply with a specific decision of the European Court of Human Rights. Thus, this judgment is crucial for the crypto currency, since these countries will be obliged not only to recognize the crypto currency as a legitimate means of payment, but also to free from taxation operations on converting crypto currency to fiat and vice versa.
Germany disclosed to ban cryptocurrency including bitcoin, because the type of currency it requires rules of international scale. This is because the national or regional rules made by each country are not strong enough to be implemented. 
Oh goodnews for us i wish i would live in germany and buy many more cryptocurrency i hope in my country would to that.
This is a good news for the cryptocurrency users in Germany however this can be an indication of a country trying to regulate the cryptocurrency. But for me this is better than having it banned. Some countries are still not decided on hiw to deal with crypto but at least Germany already made a decision with it. That I think is in favor for German crypto users.
Yes, such a good news and bold move for Germany. A country with a wide technological scope should be a great model of how promising technology like blockchain should be utilized and not scrutinized. This decision will have a positive economic and technological impact in the country. My friend in Germany was also happy with the decision their government has done.
Germany proves itself as the bitcoin capital of Europe by allowing bitcoin as legal currency for trading and tax purposes and it said to be a one step closer by declaring it a unit of account. Many people also hopes that the German government will not interfere with it success referring to a possible taxation and regulation. But some reports says that Germany's ruling opens the way for officials to collect tax on commercial profits made through bitcoin transactions.
I see the German interest in crypto money, but Germany is a country that wants to stay in background. For this reason they hesitates to say concrete things. Germany's strict management and discipline will manage the crypto money.
I am pretty happy that Germany has finally approved it as a means of payment and has even exempt it from tax in regular course of trade. But what I am astonished with is that still it hasn't given such a great impact on the price of btc. This kind of news is really capable of giving a good bull run but still people are in a FUD. With time as more and more countries will bring such regulations I hope btc will rise.
Wow!! That's a good news! Germany is the 4th largest economy of the world and one of the top countries to have the highest per capita income. So when such encouraging news comes from such a country, it's a good news for the entire crypto economy. I am sure we will see an influx of new investors in the crypto market soon which will provide a strong support to the bitcoin price which is needed. I really hope other countries in EU will soon adopt the way Germany adopted the crypto currency for a better future.
Since this news come from Germany, it is not really that surprising. After all , it is a well developed country that adapt fast to new technologies .In fact, they are used to be at the top because they precede other nations in such revolutionary decisions. I hope other countries will follow them soon.
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