Germany recognized the bitcoin - page 5.

Zabzab9

newbie

Activity: 60

Merit: 0

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?

As we all know, Germany is the economic powerhouse of the Europe. Thus, this recognition might possibly a trigger for a great development of the Bitcoin operation. The trust given by this powerful country for the digital currency will knock the door of other country to have them acknowledge the essence of Bitcoin process in their society. I think, Bitcoin procedures will help the economy of Germany in order for them to maintain its huge capacity.

Bannednehlahmos

newbie

Activity: 37

Merit: 0

if it is true it is a very good step for German society and hopefully spread to other countries

Hunusubuturi

newbie

Activity: 64

Merit: 0

It won't be enought to give the bitcoin a shot this year, but it means that bitcoin and acceptation of the bitcoin is going in the right direction!

yatogami

sr. member

Activity: 462

Merit: 250

bvo.trybravo.com

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?

By signing this decree they just recorded the current state of affairs, as it is almost impossible to impose tax on every transaction with bitcoin.
Well, German government seems to be wise enough to avoid resistance to technological progress, which is inevitable despite all bans and regulations.

cryptocurrencyguru

member

Activity: 280

Merit: 11

German banks are about design products for crypto for remittance german banks are using bitcoin and German banks are about to give loans for bitcoin after japan next is germany which is very positive towards crypto currency

Maheshkumar_Hrangkhawl

sr. member

Activity: 600

Merit: 256

Quote from: Linconde6654 on August 21, 2018, 05:13:49 AM

germany classifies it as property, too. You have to pay income tax when you sell it. The ruling regards merely sales tax.

If the German authorities classify it as a property, then you may need to pay capital gains tax (not income tax) once you convert your coins to fiat. IMO, it is better, as the capital gains tax in Germany is lower than the income tax.

nostrings

jr. member

Activity: 116

Merit: 1

Germany has always been one of the most advanced countries , so this doesn't surprise me. They are always ahead in automotive engineering and other technology.

pinot95

jr. member

Activity: 70

Merit: 1

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 already heard a news about this and I think it is a very good step for the German government. I hope some countries around the world can see how the Germans sees the importance of cryptocurrency. Many people will be benefited if it will become a global currency.

baundul

full member

Activity: 307

Merit: 100

European countries ahead to crypto a lot. Also their capital and living standards are very high to other. Where Germany is one of the leading in the world.
"Schaeffler said the new ruling showed German authorities were preparing regulations on how to tax bitcoin transactions."
Germany has long been aware of future thinking.

Anewor

newbie

Activity: 98

Merit: 0

If such things as this become really possible in many of the countries worldwide then we could see bitcoin being so in demand such that the prices will go up very high and in only a small amount of time. As of now only a few accepted it so the market is low and slow. Recovery will be so hard in this case.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

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 breakthrough from cryptocurrency community and steps for us to go mainstream

Germany is one great and big country that will give a high morale for the bitcoin supporters as the value may grow,but since it didn't take effect so we should wait for the growth from this issue

mia khalifa

full member

Activity: 476

Merit: 100

in my opinion, this could be good news because with the recognition in Germany, hopefully it can trigger an increase in bitcoin prices and other cryptocurrency prices.

Riddikulo

hero member

Activity: 896

Merit: 500

Quote from: tubig123 on August 22, 2018, 06:46:56 AM

It is a great success one of the restpectful and richest country which is Germany recognized the bitcoin and it is the start of all countries unite because of the Germany succeed into the end if the bitcoin finally recognized in there country.

Germany is not the richest country. Katar is, and UAE as well. By the way, these Arabic counties cooperate with Japan and they seem to work at blockchain. I think, the wisest people that rule the states will recognize Bitcoin as well soon.

qwirtiii

newbie

Activity: 210

Merit: 0

Quote from: jmlona on March 04, 2018, 03:14:54 PM

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 step for bitcoin, it encourages the use of bitcoin as a payment option as people will not be taxed on that whereas they would be taxed if they converted their bitcoin in to euros.

Yes this is a great news.Bitcoin is now legally in germany and i think the people their has no hassle in sending money to their family and has no hassle in paying bills without any taxes.Im so amaze.

inding

newbie

Activity: 91

Merit: 0

This is not something to be happy about. Currently, there are only a few countries in the world that oppose cryptocurrencies. And in the future they will open cryptocurrencies. Because cryptocurrencies are human progress.

richmcrich

hero member

Activity: 1120

Merit: 507

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’m a little bit confused 😕 , do you mean that they won’t charge tax on any bitcoin purchase, I mean based on your last statement. Well, whatever that means, as long as they have recognized Bitcoin it is quite okay. I just hope that other countries gets to understand, follow up and legalize the use of bitcoin too. By legalizing bitcoin that means we will be getting ready to welcome more investors from Germany .

Cecilve

newbie

Activity: 53

Merit: 0

I find it pretty strange that in a country that cryptocurrencies are supposed to be legal there is no Bitcoin ATM or other exchange bureau anywhere.

Osayo

jr. member

Activity: 294

Merit: 1

It is a very good news for a country as great and as important in international politics to recognise Bitcoin as legal tender. That means Bitcoin is getting stronger by the day.

PlusOne88

member

Activity: 420

Merit: 10

“Tackling Climate Change Using Blockchain”

Well it was nice to see that they, the Germans have supported bitcoin as a legal currency. This may help the bitcoin community but I think we do need more than just that because as of now we are really in a bad market so we need more than this. We need the entire community in general.

aqila baruroh

jr. member

Activity: 165

Merit: 1

W12 – Blockchain protocol

can you add a link to this information? I am very interested in this kind of news and want to know more. currently more and more countries are recognizing bitcoin.

Topic: Germany recognized the bitcoin - page 5. (Read 3253 times)