Germany recognized the bitcoin - page 20.

lili song

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

It's a great news from Germany Ministry. They accept and use bitcoin as their transactions. But all the transactions in bitcoin don't have a tax.
It will problem for some government because the tax problem. Now no rules do transactions in bitcoin will paid tax.
So some of people want do transactions free of tax, they can use bitcoin for the transactions.

aardvark15

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

Germany seems to have a favorable view of cryptocurrency. My understanding is that in Germany, if you buy something with Bitcoins, you don’t pay taxes on that sell of Bitcoins. In the US, any transaction with Bitcoins is treated like a sell of an asset and is taxable.

Also in Germany, if you hold Bitcoins for over a year and then sell, you don’t pay any capital gain taxes. You only pay taxes if you sell short term which is under 1 year.

patt0

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

Really great for bitcoin, specially if we consider that Germany pays a very important role in the decisions made by the European Union, so if Germany made that decision, I'm sure many other will follow, so Bitcoin will probably have the doors open in Europe in terms of regulation. If we actually look at it, top world countries are accepting bitcoin well (Japan, Switzerland, now Germany), so things are going well. The United States are decent, but still have a long way to go, and need to change the way they are trying to tax BTC.

HuffineCaro

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It is very happy that many big countries have accepted the existence of BTC

arseaboy

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

Another good news indeed, if this adoption can be forecast and be seen by most countries who still not believing or still against bitcoin, then they will realize
the real usage of bitcoin, as we knew that those countries who already been into this chain gather great results, japan already been very vocal for accepting
bitcoin and if Germany will start to make a big noise about using the chain in their daily transactions, then new momentum will be created, hope those who still in doubt about this investment should change mind and think bigger.

Emin90

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I hope that many countries will follow the example of Germany and recognize bitcoin money means and to avoid taxation. The Germans made the correct decision hurts!Soon we will often hear such news.

ModGirl

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

That is really a great news for the bitcoin users. I was sure from the beginning that countries will take the positive steps for the sake of bitcoin as the rules of the countries depends on the benefits of the people which is pretty obvious in the use of bitcoin. These types of steps will not only benefit the users of bitcoin but along with that these countries governments will also get more benefits as their people will not face unemployment and will not become a burden on the state.

Xester

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

This thing should be adopted or copied by other countries. It will add strength to bitcoin as it will be more popular to many German. Because of this, countries might copied what Germany did to bitcoin. Also, specifying that there would be no tax will make it popular to other people.

erikoy

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This is part of bitcoin revolutionary towards automation in currency exchange in a digital form. Bitcoin is part of the future ahead and now from the occurence of this event which germany recognizes the bitcoin system is already a proof that the system will be embrace by people in the near future. Let us help promote and educate them with the system of bitcoin and how it works. For now let us enjoy also what bitcoin has offer to us and share. With the positivity that bitcoin has brought to this forum and to the people involve in bitcoin. Hopefully that other country also will embrace the cyptocurrency and the world will be united in terms of currency througj bitcoin. Meaning to say that we will have an accepted unified crypto currency in the world for us to be able to spend bitcoin wherever country we will go with the use of bitcoin as an exchange. Those are only things that bitcoin could offer and bitcoim generally is a promising revolutionary cryptocurrency.

Buttermellow

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wow this is a good news for the bitcoin system. The people now are already educated and trying to embrace the system like what happen to germany. If this is being done in germany so meaning it could be also done to other country as well. Imaginr germany is one of the organized and established country. And I guess that germany has already having some plan on how to incorporate bitcoin in their system of government. They have seen it already the advantage of the system since bitcoin as what I have read a reply of the other member is a revolutionary form towards currency. It is a matter of time that having this bitcoin being applied in germany will be followed by other countries as we since germany is one of the influencial country in the world.

Master Third

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

Wow! What a great news for all of us who believe in cryptocurrency specially for German people. This news shows how the crytos are successful in every step by all participants to make this possible. And I believe this change will continuously brings a good report for all of us until we see the widest influence of cryptocurrency is working freely worldwide and no doubt that this will come and our patience for the hope will never be a waste. .

Bonsaiav

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This exciting news is expected to support the growth of bitcoin towards better and bring benefits to all users especially for those who are in Germany. I sincerely hope this Ministry of Finance of Germany action will awaken other countries to support the benefits of bitcoin.

trimulia

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Woah it's seem good news that can make price bitcoin growing up but do you have official news?

Hati

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

I think it's very good news. It's a big step for the normalization of bitcoin, and therefore, for the rest of cryptocurrencies. I also think that it's important that it's an economic power like Germany that has taken this step. I hope that other countries in the Eurozone follow suit and that the situation of bitcoin and cryptocurrencies in general is normalized.

Tharel

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Most UK countries are recognising bitcoin as legal, in fact, similar news related to this has been declared as early as 2013.
If you will check this link, https://www.cnbc.com/id/100971898, it says that bitcoin was recognised in Germany as "unit of account" and that's way back August of 2013.
It's a good move and I believe this will impact other country's overview towards blockchain technology. Currently, Thailand had banned bitcoin and US is still investigating it's legitimacy. I hope this news would change their mind.

White Christmas

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

Its a great way to legalize bitcoin in their country. Since Germany is a well developed country, I think the effect of bitcoin in their place will be good because the people in their country will have a better life and also the poor people will have the capability to earn their own money and get out of poverty.

liseff3

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Surely this is good news for all bitcoin users including all of us this step needs to get support for the sake of the development of bitcoin as a decentralized coin in the eyes of the world for the era to come.

eagleman

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender.

Nice, great news and for a source this can be; http://bigthink.com/ideafeed/in-germany-bitcoin-is-now-legal-tender

Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

This even made the news better, no taxation for crypto's is giving a big idea on how the market is big but good thing that their gov't won't push people to be taxed there.
https://cointelegraph.com/news/germany-wont-tax-cryptocurrencies-used-to-make-purchases

jeronimosuykens

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Germany is a highly developed country, so accepting bitcoin is a great way to market bitcoin and the entire cryptocurrency market. I believe that when countries realize the true value of bitcoin, more and more countries will accept bitcoin in the future.

Ranly123

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Quote from: Emin90 on March 04, 2018, 02:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

This development is a big step to cryptocurrency. Germany would be a great contributor to cryptocurrency, with this wealthy country able to legalize bitcoin with a tax free currency. Hopefully other nations will follow this step taken by germany to help cryptocurrency grow all over the globe.

Topic: Germany recognized the bitcoin - page 20. (Read 3229 times)