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?
In my opinion it will be a big step that has been taken by them , it will surely boost up the use of the cryptocurrency in the country and also will force this rule of Germany to another country to declare the use of cryptocurrency as a legal tendor .
But here in my opinion there should be some tax system should be there , at least in very small amount and also there should be proper guidance by the government of use of cryptocurrency .
Well here in my country government already officially declared that use of the cryptocurrency will not be listed in the legal tenders , so here a type of negativity to have the use of cryptocurrency is going on .
Here I would like to say that it will be better for everyone in this world if every country can make the same rule like Germany did .
In that case it will be much easy for every person to serve his service at the worldwide level without any tax amount to pay .
And in this way people will be able to grow himself economically in the online business with the sue of cryptocurrency as a payment system .
