Yes, today I heard this news and was very happy. Bitcoin continues his victorious procession around the world. I hope that the example of Germany will be followed by other European countries, which will contribute to the even greater popularity of bitcoin.
This happening in Germany is beneficial for all of us bitcoiners. We really are must be happy. I too will hope that other European countries will do same as Germany. 
Topic: In Germany, bitcoin was recognized as legal tender - page 2. (Read 1520 times)
Yes I have heard about that, I'm anticipating the next step of worldwide bitcoin acceptance, and it would be when some particular country would claim bitcoin as an alternative payment method in all over the country.
" Keeping in mind that a free country should not interfere in the citizens private choice of money "the finance ministry of Germany declared Bitcoin as a unit of account and used as legal currency for tax and trading purposes . As the popularity of Bitcoin increased the government and financial institute also became attracted towards Bitcoin . The government of Germany signed Bitcoin as a legal tender and specified that purchase made for cryptocurrency should not be taxed .
This has been the case for some period of time now, Germany was one of the first to adopt crypto, especially BTC, which was a good move, some countries chose not to embrace the coin, but germany did well to give the technology a chance
Got to hand it to the Germans. Always in the forefront of technology and innovation. Embracing cryptocurrency is a must for every nation. Heil Bitcoin!
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The Federal Ministry of Finance of Germany stated that purchases for bitcoins will not be taxed, since the crypto currency is a legitimate means of payment.
The Office published its decision on February 27. In the document, the regulator refers to the European Court's ruling of 2015, which sets a precedent for all EU member states.
The court ruling says that crypto-currencies are considered a legitimate means of payment and that therefore the transactions for the payment of goods and services with their help should not be taxed:
"So-called virtual currencies (crypto-currencies such as bitcoin) are considered equal to legal means of payment if these so-called virtual currencies have been accepted as alternative and contractual means of payment by the parties involved in the transaction and have no other purpose than to use as a method payment ».
Conversion of crypto-currencies to fiat and vice versa in the decision of the European Court is classified as "other taxable services". Thus, the party that acts as an intermediary in this exchange will not be taxed. It follows that the operators of crypto-exchange exchanges can receive exemption from taxes "if they complete the purchase and sale of bitcoin as an intermediary on their behalf".
Commissions to miners should also not be taxed, since they are paid on a voluntary basis.
We note that earlier this year the head of the Bundesbank Joachim Wuermeling (Joachim Wuermeling) said that the regulation of crypto-currency should be carried out on a global scale. And the head of the European Central Bank, Mario Draghi, believes that the ECB does not have such authority at all.
Currently, the European Commission is preparing an action plan to prevent financial crimes using crypto currency.
Good news, indeed!
51
The Federal Ministry of Finance of Germany stated that purchases for bitcoins will not be taxed, since the crypto currency is a legitimate means of payment.
The Office published its decision on February 27. In the document, the regulator refers to the European Court's ruling of 2015, which sets a precedent for all EU member states.
The court ruling says that crypto-currencies are considered a legitimate means of payment and that therefore the transactions for the payment of goods and services with their help should not be taxed:
"So-called virtual currencies (crypto-currencies such as bitcoin) are considered equal to legal means of payment if these so-called virtual currencies have been accepted as alternative and contractual means of payment by the parties involved in the transaction and have no other purpose than to use as a method payment ».
Conversion of crypto-currencies to fiat and vice versa in the decision of the European Court is classified as "other taxable services". Thus, the party that acts as an intermediary in this exchange will not be taxed. It follows that the operators of crypto-exchange exchanges can receive exemption from taxes "if they complete the purchase and sale of bitcoin as an intermediary on their behalf".
Commissions to miners should also not be taxed, since they are paid on a voluntary basis.
We note that earlier this year the head of the Bundesbank Joachim Wuermeling (Joachim Wuermeling) said that the regulation of crypto-currency should be carried out on a global scale. And the head of the European Central Bank, Mario Draghi, believes that the ECB does not have such authority at all.
Currently, the European Commission is preparing an action plan to prevent financial crimes using crypto currency.
Wow this a good news and I'm sure this will definitely help the value of bitcoin in the crypto market. I'm so excited to hear this news
This is quite a good news for bitcoin as this would warrant more people to use bitcoin in Germany. Also, I have this belief that over the longer term, many countries in the world are going to legalize bitcoin and all its citizens would use it. Fantastic news
I like this news 
. Bitcoin is still popular in European countries. I'm from Vietnam and I hope in the near future bitcoin will be popular in my country. 
. Bitcoin is still popular in European countries. I'm from Vietnam and I hope in the near future bitcoin will be popular in my country.
It is really cool, but I think nowadays ICO is the popular and sustainable. I want to share with you my latest discovery - Socratus. It is an insurance ecosystem which provides a digital platform with instant claim payment products for insurance companies. It is designed to help insurance companies to save their money and get their business on a new level. For instance, they can help the insurance company to lower expenses from 15% to 25% on claims handling and operational expenses. Basically, they work with different kinds of insurances such as e-commerce, cyber insurance, personal accident and etc. Moreover, they are powered by Smart-contracts & Socratus Oracles. I think this is really cool and it seems like an innovative and demanded project. I hope I helped.
This is another progression forward for fortifying the economy and building up Germany's budgetary foundation. Digital forms of money are viewed as legitimate delicate and won't be taxed.Cryptocurrency trade administrators will be excluded from paying duties on the off chance that they go about as a go-between for their sake. Commissions are paid willfully in conduct so they ought not be burdened either.
It's really a great news for germany
This is a good and useful information for Bitcoin. I hope that there will be more information like this and many countries will accept Bitcoin for the market to recover quickly. The profitability of Bitcoin is undeniable, as more and more countries accept it.
This news is a welcome development to the crypto family. German is a power house in European economic community. This one piece of news is enough to drive other European communities to adopt bitcoin as a legal tender.
Germany Approves Bitcoin is the very good news of bitcoin, This country is using bitcoin at large level and they approve bitcoin to improve the digital world of transactions and everyone should come on the bitcoin transaction because this news will impact every person in the country and they all are using bitcoin freely in between the country,.
Good for Germany, hopefully, more countries see this as an opportunity for this advancement.
I do not even know if you need to believe them or not, just Socratus is much cooler bitcoin
As far as I know, Germany is one of the countries that know about Bitcoin very late. Because I see ICO projects of Germany only appear in the last few months, but now Germany are much closer to Blockchain than other countries.
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