Bitcoin Forum

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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.

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 is excellent news, and will probably lead to a spike in the value of bitcoin. You cannot ban legal tender, as it is now a recognized form of money.

If we can get a few more headlines like this, Bitcoin will take off again, and potentially become accepted elsewhere when other countries follow suit.

its really great news for crypto industry

Wow? They passed a legal tender to legitimise Bitcoin as a form of payment. This is good. Especially because Germany is one of the founding members of the Europan union. Germany's action may cause other countries to follow in their steps and would eventually cause an increase in Bitcoin price. This news itself should raise the price of Bitcoin.

Another headline is i heard philippines start accepting bitcoin so those are very good news for cryptocurrency.
I hope another country can start following these two country so we are ready to spike bitcoin up again.

Yes, but it is kind of old news. Some people in Europe moved to Germany to avoid paying taxes for their bitcoins when cashing out.

This is another step forward for strengthening the economy and developing Germany's financial infrastructure. Crypto-currencies are considered legal tender and will not be taxed.Cryptocurrency exchange operators will be exempt from paying taxes if they act as an intermediary on their behalf. Commissions are paid voluntarily in manners so they should not be taxed either.

Something doesn't add up. There are reports that Germany and France is calling for a global cryptocurrency regulations and they are pitching it on the next G20 summit. Anyways, if the article is really true then it will be a welcoming news to the cryptosphere. I really though that they are going to be one of the country that will be anti-crypto, but the news says otherwise. It looks like they have made a sudden U-turn, but I will still wait for the next days or so before it will sink in on me.

This is a great news indeed. If that's true that they will not be taxing miners and exchangers it is a big progress for Bticoin acceptance overall. I'm wondering if this was the reason for Bitcoin today's rising 2% while most of other established cryptos went down at the same time.

Also, if I understand this correctly, now all EU member states should follow the example of Germany, right? For me it looks too good to be true, but I hope it is.

i think a lot more countries are going to follow the footsteps of Japanese in this. it will be a lot better for bitcoin and for the government to apply the taxation laws.
the adoption of bitcoin will soon grow big in any country that adopts bitcoin as a currency and will improve the economy and the merchants revenue too. with 0 taxes which some countries also apply the incentive will be even more to adopt bitcoin and the same incentive will be for people spending bitcoin so the revenue of merchants will increase.

         Germany has given Bitcoin legalization that means Bitcoin can be used for tax and trading purposes the German finance minister has said that Bitcoin is a financial instrument under Banking system.Germany has gone ahead and has given legal status for Bitcoin .For Bitcoin transaction they do not levy any tax in Germany they consider Bitcoin has private currency. Bitcoin is a virtual currency that is used to exchange online credits for purchasing goods and services.

Just wow. Looks like this is a very welcoming news indeed for the whole crypto world. It looks like they are not embracing Bitcoin and we all know that Germany is very strict and if they are going to recognized it as legal tender, this will surely boost the price of bitcoin. I think Germany is the first EU nation to legalized and I'm sure that it will set precedence. Earlier it was Spain that declare that they want to be a safe haven for ICOs. So it looks like that March is the breakthrough month that we all have been waiting for.

FIDO bank openly accept BTC and crypto related payments, they are forging a good path ahead and others will follow.

What doesnt add up?  First step to regulation is recognition.  You would now be expected to report all transactions in Bitcoin or Dogecoin as if it were Euro or $.  Same rules, same taxes etc apply.  Bank of England governor today called for crypto-assets to be regulated, and you cant do that if you aren't acknowledging they have a legal standing (or you can outlaw them, clearly off the table in europe, US, Japan, Korea).

Regulation is coming, embrace this as the cost of acceptance.

Hopefully, this good news will be accepted and followed  by other countries not only Europe but all over the world. In line with this news, it is possible that bitcoin transaction will be regulated and taxed by the government which is a NO to the users.

This is great news. Europe is one continent that no other continent can equal in terms of advances, may they be in terms of technology, social progress, innovation, and so forth. Bitcoin has thrived not just in Germany but also in the United Kingdom, Netherlands, Russia, Italy, and so many others. The rest of the regions of the world should try to emulate this step of the German government. This is a step forward not just of Bitcoin itself but also of the German nation. There will be more of this kind of news to come for sure.  

I have heard many different countries are starting to accept bitcoin in their banks in Europe.
Germany setting this rule for regulation will bring waves into the financial markets in that country.
With them being one of the richest countries in Europe will reseinate into other markets including England.

This is not new to be honest.
I'm german and this law, rule exists since late 2013. Due to defining Bitcoin and crypto in general as private money, there is no taxation when you buy goods and services with it.
However in terms of speculating on the markets, you have to pay capital gains tax if you hold your position shorter than 12 months.
Anything holding above 12 months is tax free.
So buy and hold pays off pretty huge in a long term Bitcoin bull run!

Germany has always followed new technologies as soon as they appeared. I'm not surprised that they did not wait long and came to this decision.

To be honest the german government doesn't like Bitcoin!
Together with Macron, Merkel would like to put some pretty harsh regulation on it.
But they can not as the other G20 nations show them the middle finger.
Therefore Germany and France don't want to get left behind in terms of Blockchain adoption. And Bitcoin is and will be the biggest and probably most influential and disruptive Blockchain!
We all here know this.

It is a big news for the crypto currency users because a developed country like germany recognized crypto currency as legal tender then more countries may follow the same.And it encourages more investors and traders to accept crypto as a form of payment because there is no tax if we buy good with crypto currencies.

No our dumb chancellor still things the internet is something new and innovative!  :D

This is a big news for the crypto world. Another countries accepted bitcoin again. I wish this will help the increase of bitcoin and reach its new ATH. Some countries must make Germany as a model and accept bitcoin too. I wish some do the same too in order to increase adoption of bitcoin.

It is really fantastic to hear so, hoping to hear such news from all the countries!

Well, then I think that this is a monumentous occasion that all cryptocurrency users can be proud of and not just the bitcoin community. FOr so long we have waited and tried to i stigate that bitcojn can and should be i tegrated into our financial sectors and this is one certain way that wr can do it. By recognizing this, Germany has not just given power to the cryptocurrency community but also a shout and a declaration that bitcoin can be welcoming and that bitcoin can be recognized and so too shal the world take notice

That is true. This might lead to a sharp increase in the price of bitcoins. This might be a good start as bitcoins became a legal tender in Germany, others country might follow as well. Some of the goods/services over the world have started accepting bitcoins as a method of payment and I think now their number will increase.

We may be sure that others will follow, but normally the speed of each next country is going to be different. The talk is not only about the will, but financing and many others. I guess my country (Serbia) is going to be somewhere in the end of the list  :D

That's really a great initiative step taken by germany and since it is a member of european union,we could soon expect other EU countries too to follow the same and this would definitely help bitcoin to get accepted as main stream of payment.

Isn't Liechtenstein located in Germany? I have always thought it was maybe in Austria but somewhere in Europe just from the name of this small city.
But they are the first bank that I was mentioning to start accepting cryptocurrency and thus must view it as legal tender to do that, no?
https://captainaltcoin.com/first-liechtenstein-bank-directly-sell-cryptocurrencies/

Liechtenstein is located in Liechtenstein as its a sovereign nation  ;)  Its on the border of Switzerland and Austria.

I don't understand how any country can rule that Bitcoin is legal tender. Legal tender is a means of payment that has to be accepted in settlement of a debt. In view of the fact that only a minority of the population are able to receive Bitcoin, I don't see how any government can enforce a ruling that it must be accepted.

I am happy to hear this news , one more country added for making btc a legal tender.I would like to see many more countries coming forward and move in the same direction as Germany has moved.I am hoping that in the future we will see many more countries would be on that list and make us all happy making the btc give a boost and even its price as well.Happy times ahead.

Recently some countries have accepted bitcoin, a few weeks ago I heard in Japan accepted bitcoin in the purchase transaction of Japan's largest consumer sales company, now I heard the German accepted bitcoin . This will probably make the crypto market more prosperous. But I think the later the crypto market will be more difficult. Because many participants will experience negative behavior in the market.

Great news for them at last they can operate freely in their transactions ,i wish this could also be done in my country

this is good news for all bitcoin holders, now more and more countries are recognizing bitcoin. this will make bitcoin prices continue to skyrocket, so let's invest more in bitcoin.

It looks like Germany wants to attract cryptocurrency investors and services. It is a good idea but I'm afraid they might ban cryptocurrencies anyway in the future. I wouldn't move to Germany only because of that, just look what is happening in their country. However, it is good that some countries are positive about Bitcoin. If a was a head of my country, I would invest in this industry. It's still a good time to earn a lot.

But they do speak German so I would consider them to be german which is an offshoot of Germany. ;D
Sure they are on the borders but they take on rules from which country when it comes to their own laws?
Here is a better take on the article I searched for with a bit more explanation on what they are trying to do with their focus on cryptocurrency as a whole instead of a just a microcosm.
https://www.zerohedge.com/news/2018-03-01/liechtenstein-bank-offers-direct-cryptocurrency-investment-and-cold-storage-wallet

This is huge a very huge development for all bitcoins enthusiasts, Germany is a huge country with a great potential for scope for bitcoins to grow and develop into something big for the years to come. I hope other countries follow soon. Thanks for this article I had missed it.

absolutely agree with all of you, this is a huge step for Bitcoin and cryptomir in general, if the rest of the world follows the example of Germany, it will be great and bitcoin will grow in price and people will not have to come up with questionable schemes for its purchase or sale.

Ya, that's a great news Germany has legalized the Bitcoin. Bitcoin popularity grows continues, it's been attracting attention from government and financial institutions. And after this news more & more countries will come very soon to legalize Bitcoin. These such types of news take the market upwards.

It could start a trend. If the guys at Germany decide to ban it again then it will be harder to ban it with that history.

Yes, that's good news. Germany's bitcoin investors will be better able to invest in bitcoins at home, and their investment rights are protected by law. There will be more investors investing in bitcoins.

I think this is a success. Now we should expect another growth rate bitcoin. And the fact that they were abolished taxes is also very well

This is a big step for the whole crypto community, I can not wait for such an opportunity to appear in Russia, I heard that already in Australia they trade crypto-currencies in newsstands

Yes, I also heard about Australia, then in the near future it will take on a massive character..we are already one foot in the future and it's already on the threshold

but why only bitcoin what is with other cryptocurrencies?

i think that was expected because there are alot of countries who will join this year and some rich companies as well so i think  its a very good news for bitcoin users because its users are going to increase and its a good sign its mean that bitcoin is going stable day by day.

Better wait for the outcome of the G20 discussion on cryptocurrencies this month. Then we'll know whether Bitcoin will be recognized as legal tender and only VAT will be taxed. However, it's more likely that governments would like to get more than just VAT and that profits from investing in cryptocurrencies will be taxed as speculation, which is 50%. Besides, cryptocurrencies will no longer be decentralized with these regulations.

If in this article the European Court of Human Rights is meant by the European Court of Human Rights, its decision is binding on all countries that have acceded to the Convention for the Protection of Human Rights and Fundamental Freedoms of December 4, 1950. That is, such a decision will be binding for virtually all European countries. This is a very good court decision and generally great news. All the states that signed this Convention, 41 states, are obliged to pass laws that do not contradict a specific decision of the European Court of Human Rights, and if the adopted laws contradict such a decision of the court, they must change their national laws to this decision of the European Court.

russia already legalised "all" cryptocurrencies

Wonderful news, Germany actually took a great step in the cryptocurrency world by making a bitcoin a legit payment method, this achievement should be spread worldwide because bitcoin is becoming very famous and people are getting to know it, millions are using bitcoin nowadays as income, they work and get paid with bitcoin and they even take of families and cover almost of their bills with it, besides everything is becoming digital including method payment so let it be secure and use bitcoin.

This is a small step in Europe. Hope that many others will follow this lead, that’s could bring us into a new era.

However in terms of speculating on the markets, you have to pay capital gains tax if you hold your position shorter than 12 months.
Anything holding above 12 months is tax free.
So buy and hold pays off pretty huge in a long term Bitcoin bull run!

Well, good for Germany for recognizing bitcoin. Bitcoin will help Germany to improve their economy and they will lead us to adapt to bitcoin. It’s not new that bitcoin is accepted to many countries. But in Germany, that would be good for the development of the country.

itcoin has been recognized as a legal currency and taxable in Germany. This is the first country to recognize the use of virtual currency for commercial profits from Bitcoin-related activities that may be taxed, but the use of this currency for personal purposes will still be possible. tax exemption

it is true, they believe that bitcoin can change the future, and bitcoin will affect the future, so they legalize bitcoin. They know the consequences of bitcoin so they plan to organize it.

The news I see is that BTC is an asset in Germany and levy taxes!

When BTC is a payment tool, no tax is required!

BTC is legal in Germany, because the price of BTC is not stable enough, it does not have the characteristics of money!

The German government manages their country very well. A developed economy. A modern society, civilized, rich in compassion. A mighty army. Germany's welfare system is good, its management is clean. Germany is progressive and proud of the national spirit of every citizen. Adoption of Bitcoin is a necessity to promote the development of this Central European country. Supporting Germany's legally recognized Bitcoin.

Hello. I concur with you that the German government's recognition of Bitcoin as legal in Germany will contribute to the overall development of the country. But I have a concern that the German government will do to be able to collect Bitcoins while managing Bitcoin is not possible. Can you explain it to me?
Thank you.

Japan and Germany are now the bitcoin-friendliest countries after recognizing the leading cryptocurrency as  one of their legal tender. Other countries are also taking some steps for possible bitcoin legalization in their area with regulation and taxation. Many countries are also waiting for the next meeting of G20 on cryptocurrencies which aim to create a standard for imposing a regulation on cryptocurrency exchanges.

the most important thing that will not be taxed))))) ur cheers hurray !!!)))
The German Ministry of Finance signed a decree according to which purchases made for crypto currency will not be subject to a capital outflow, as in the United States, where bitcoin is considered property. The user who purchases the product or pays for the service with digital money will pay VAT.
I think that in a couple of years all countries will make the same statement))

yes, german is the first country to legalize bitcoin before japan. bitcoin grows well there. so i think german and japan deserve to be a bitcoin capital city, not as central.

bitcoin requires the capital city to be the reference of crypto market. so the bitcoin capital city will become the standard of analysis.

Finally some good news as Germany hold a lot of value in the European market.

Wasn't Swizerland the first country to legalize payments with bitcoin ??? There is this city called Zug where you can pay your taxes in bitcoin by now. This is forward thinking in my opinion and Germany could learn a lesson from them. BUt let's see what the EU will bring forth in terms of regualtion and taxation. This will be interesting.

it is nice to see some country accept bitcoin as a legal currency and financial instrument.
i wish my country have a same condition. if bitcoin is going to use by government, their peoples will not worry about investing their money to bitcoin.

I hope more and more countries are following Germany's steps to accept bitcoin as a legitimate digital currency for its people so it will not make people hesitate to use bitcoin as a method of payment. Why all countries cannot take on the attitude of Germany, they always support new emerging technologies and their decisions make the ecosystem of a technology to continue to survive and grow and develop into a useful technology for the future, especially bitcoin in economic terms.

It is going to be legalized and recognized in many countries this year, just watch it!

I hope more countries will join to this movement! Great future is waiting us!

I have seen the news, and it is true that Germany has allowed Bitcoin as a means of payment, even the greatest nation has allowed Bitcoin to circulate there, as in the Russian state that we know will hold great grand like the World Cup, surely everyone will watch it , which is only held every 4 years, and it will make it easier for everyone to bring Bitcoin, for the cost of their lives while watching the World Cup take place in Russia ..

Its a very good news for  bitcoin. Bitcoin is very secure and effective digital currency.For that Germany has allowed Bitcoin. We think other country also follow to Germany and take the advantage of bitcoin.

This is great for germans as a big step for bitcoin and crypto in general, if the whole world follows the example from germany, but it will be great and bitcoin will be tumbh in price and people do not have to come up with a dubious scheme for the purchase or sale. 8)

I am really happy listening to this news and development.It will support and increase the popularity of bitcoin.it also can help bitcoin grows faster and legally. This acceptance in germany might be followed by other european countries and can bring further positive impact in African and Asian countries for the same acceptance.

I am really happy listening to this news and development.It will support and increase the popularity of bitcoin.it also can help bitcoin grows faster and legally. This acceptance in germany might be followed by other european countries and can bring further positive impact in African and Asian countries

So if it was recognized in Germany that bitcoin is recognize as legal tender , then this is s very good improvement in part of bitcoin that it was now recognize, this makes cryptos which is a value of money will be more popular then ever, but this is only in the digital world because bitcoin is only circulating in the net.

South Korea is also a friendly country not only to Bitcoin but also to any other new piece of technology. I'm surprised how fast these countries adapt new solutions. Why other countries have problem with that? Is it because their citizens don't trust technology or simply cannot afford it? Even thought these countries started supporting Bitcoin officialy, it will still take a few years for merchants to start accepting people. Many people are actually afraid of Bitcoin because of constantly changing price. There is no problem when the price is growing for a few weeks.

Germany legalized bitcoin and they allowed bitcoin transactions in automobile and retail industry. People are taking positive to do transactions through bitcoin.Based on these other countries follow and implement the same .

this is very good news!!!! now this is an additional argument in the positive direction of bitcoin! we are moving in the right direction and it is good that there are more and more people in the world who are starting to understand the crypto world correctly! but, to full legalization around the world is still very far away!

This is strange! Such good news and could not provoke a rise in the price of bitcoin! Although Germany is the first economy of Europe!

It's really a great news. Germany has now given legitimacy to Bitcoin and it can now be used for tax and trading purposes. A financial tool under the Bitcoin banking system. I think now other countries will follow Germany and they will also want to use it. No tax will be imposed for its transaction. Bitcoin is the virtual currency and by that they will use to make all the payments and payments. I think that the cost of bittacquena will increase greatly.

This is very good news that people and governments are now understanding the potential of bitcoin . Now there are many countries who has legalised bitcoin. Initially there were South Korea and Japan then Florida legalise bitcoin as a mode of tax payment system, then many European countries has also legalise bitcoin. Now the Germany has also legalised bitcoin. The monetary fund of Europe has considered bitcoin as a central currency of nation and now bitcoin is being use for daily basis transactions.

The German Ministry of Finance issued a document in which the crypto currency was indirectly recognized as a means of payment. Under the European Court's decision, the German regulator proposes to consider bitcoins and other digital currencies as equivalent conventional payments. This is fundamentally different from the position adopted in the United States, where the crypto currency is considered a tax-imposed property. As a result, someone who has paid off crypto currency for any item, theoretically has to pay taxes, for the sale of the property.

Germany now officially defines bitcoin currency - as noted in the Finance Ministry's decree, crypto-currencies become the equivalent of legal means of payment, as they are used by transaction participants as an alternative contractual and immediate way of payment.

the german bankster cartel is among the biggest spinlessness idiots in the world, so no wonder.

I think this is one good news that can make bitcoin prices go up and expensive because the German state that has advanced technology and have smart people already receive bitcoin and legalize bitcoin.

It may be a long road ahead but these little steps towards bitcoin adoption is very much welcome. If Germany became more successful because of bitcoin, more and more countries would likely do the same or may consider doing so.

great, Bunny Token is here !

I am sure and believe that there is a good news like this will increase the price of Bitcoin and other Altcoins it.

and hopefully Bitcoin continues up to the Moon, because in my country often seklai bad news or FUD.

A giant energy company in Germany allows payment with bitcoin
In a statement from the company, digitization has changed the entire economy including the energy sector. Based on this, it believes that the systems, transactions, and networks will be decentralized and capable of functioning independently of the central organizations in the future.

 if this news was true, it is very lucky all the cryptoholders in this country and we hope so that germany is starting to legalize bitcoin we hope that all country in the world will be legalize bitcoin. i think that bitcoin will starting to rise in this kind of news and many people that near in germany will go that try this news.

That is very good to hear and I believe that it will continue to develop in other state so that we can achieve our dream, because it will boast the economy of the country

that's great news, bitcoin will be more famous for the future and will be increasingly rising in price

yes, This is good news, and probably will cause a surge in bitcoin value.
I am convinced that Germany's actions may cause other countries to follow their lead and will eventually lead to an increase in the Bitcoin price.

Yeah this is good news. We know that Germany is a great country with great influence for other countries. of course the policy of the German government will be followed by other countries.
I'm still curious how it works so the German government can ask taxes for bitcoin users. will a bitcoin user in germany definitely pay for it?

indeed an old news but right now Germany is trying to do as much as possible to make a big adoption to such a new technology. I think it's a big progress from them.

now to plan how to move to germany

these types of countries are always ahead of the curve... japan and germany actually.

A good news for bitcoin community ,as Germany lead the way other EU countries might follow and to the whole world.Bitcoin will gradually become a legal currency soon.

whether this fresh wind is blowing back that can make the name of bitcoin and bitcoin prices to improve.
 hopefully there is a next country that will accept bitcoin as a valid payment instrument.

A policy that other countries should follow. It can boost their economics state, when bitcoin is a legal tender in a country, it always brings great impact by its transactions, whether it is used as a trading tool or in a tourism tool. Which is good for the economics life

Germany is the core of the entire EU. Germany's attitude towards BTC will affect other EU countries!
Other EU member states may also recognize the statutory status of BTC!
BTC will change the payment method in Europe!

 I really though that they are going to be one of the country that will be anti-crypto, but the news says otherwise. It looks like they have made a sudden U-turn

This is very very good news and now I am even more happy that more and more countries are now wants to be the part of bitcoin and they have also understood well that there is no harm in legalisation of bitcoin it will always help countries development and GDP and that why more and more countries are legalising bitcoin in their nation. Bitcoin is very sustainable crypto currency and it will persists for coming many decades and I think other countries should need to understand this fact and bitcoin should be legalised world wide.

Some people in Europe moved to Germany to avoid paying taxes for their bitcoins when cashing out. Crypto-currencies are considered legal tender and will not be taxed.This is a great news indeed.with 0 taxes which some countries also apply the incentive will be even more to adopt bitcoin and the same incentive will be for people spending bitcoin so the revenue of merchants will increase.

Wow, its great news for all of us, its just only means that bitcoin is really acknowledge by the government of Germany, we're hoping that some other countries followed to them.

This is good news for people of Germany and also to crypto world. I wish other countries too can emulate Germany by accept and make it legal means of payment.

Maybe when other countries heard about this news, they will study also about bitcoin on how it would be useful to them also.

That is great! Considering bitcoin as a legal tender means a lot to those who hold bitcoin in that country. But the question is, do private and public company will support that? At first, I think that would be hard for others especially in transportation or fast food. But to other services that could be helpful. But another question bother in my mind is; Do bitcoin holders ready to use their bitcoin to buy anything they want, since the bitcoin price is low at the moment. Even tough, I hope other nations follow the lead of Germany.

this is very exciting news, nice also all are very happy who else will be the country that catch up with bitcon but over time europe countries will use bitcoin to faithfully exchange

Good thing for Germany. Hoping other countries will recognize Bitcoin as a legitimate tender...

This is exciting news, when a country legalizes bitcoin it will add attraction to the bitcoin itself.

For the record, can you attach the news link? It would be helpful if you attach it.

in Germany has already begun to do so, hopefully in my country as in Germany that can be accessed by the government, and become a legitimate payment in every transaction.

The virtual currency exchange rate, bitcoin keeps fluctuating every day. This has led to a number of countries issuing policies or prohibitions for the public to reduce this virtual money circulation.

One of them Germany, through the central bank, Germany revealed to ban cryptocurrency including bitcoin, because the type of currency it needs international rules. This is because the national or regional rules made by each country are not strong enough to be implemented.

That is a strong indication that bitcoin and other alternative coin has an absolute place in the real market world. It proves that taxation and regulation can be impose to balance the entry of bitcoin in the usual financial transaction of a certain country depending on their current market system. If it can be done in some part of the world, then, it may be done on other refusing countries. It Is just a matter of legitimate proposals and justifiable offers and conditions.

it is good news for cryptocurrency i hope other countries will be also follow this is a step forward not just of Bitcoin itself but also of the German nation. There will be more of this kind of news to come for sure. 

German state already has advanced technology and has smart people so accept bitcoin and legalize bitcoin and I think this is one good news that can make bitcoin prices go up and expensive

The German Ministry of Finance issued a document in which the crypto currency was indirectly recognized as a means of payment. Under the European Court's decision, the German regulator proposes to consider bitcoins and other digital currencies as equivalent conventional payments.

it is true that is good news. Germany is a very influential country to the economy in Europe if the number of adoption of bitcoin in germany must be bitcoin will gain a lot of popularity in other european countries.such as ukris and dutch even some mosques in english receive zakat payment in the form of bitcoin

Bitcoin has been recognized as a legal currency and taxable in Germany. This is the first country to recognize the use of virtual currency, news channel RT (Russia) reported on 18.8.
Germany the nation's first Bitcoin virtual currency
Germany became the first country to recognize virtual currency Bitcoin - Photo: Reuters
Berlin admits the virtual currency is a "currency" and a "consumer", according to Die Welt (Germany).
This classification means that commercial profits from Bitcoin-related activities may be taxed, but the use of such funds for personal purposes will still be tax exempt, Die Welt for
Bitcoin has become a popular remittance worldwide since it was first announced in 2009, as more and more people are dissatisfied with the banking system.
However, Bitcoin's rise has raised concerns about the viability of conventional currency as Bitcoin is not supported by any central government or central bank.

Was reading the same article on some blog and came across this post on the forum as well!! Good to hear this. Such kind of positive news is an economic booster for the entire crypto currency market and intends to bring a revolutionary change in the market prices, especially when the market is going through such a slump. And Germany's green signal to bitcoin would mean that the other countries in the continent would also look forward towards this thing and might take an action in this regard very soon in the future. However, more and more countries have now started to accept bitcoin, so it is definitely a good news for the crypto community.

This is really a good news and I hope other countries also follow this. Sooner or later everyone will realize the benefits of crypto.

Many countries are going to made regulations regarding crypto currencies because these are going popular and every investor wants to enter this market if it regulated by their country's law. Hopefully,we will see many countries approve or regulate these cryptocurrencies before this year end.

already there are many cases in the world's judicial practice, when bitcoin is recognized as an asset, and it can be divided through a court between joint owners! Europe understands that the crypto world is the future! the development of the crypto world will give a tremendous impact in the development of the entire world economy! Soon we will see the leading countries in this direction of the development of the crypto world! I am sure that this is the future, and all countries where there is a ban on the crypto world and bitcoin, should pay attention to those countries - where they promote the entire crypto world system!

Of course one day it is going to happen when everyone will accept bitcoin as legal currency without any fear, if we talk about this news then Germany always try to follow and use the new technologies, it is really nice to see how fast and independent they are taking decision about their currency acceptance, same as Germany I am sure some more countries will accept bitcoin as legal currency then it will be great days for all investors.

I have heard a lot of good things about Bitcoin in Germany. I would like to become a citizen of Germany to be able to invest in Bitcoin legally

Germany and Japan are big countries, and they have accepted Bitcoin. I was not surprised to hear that in Germany, Bitcoin was legally recognized

It is hoped that many nations will recognize that Bitcoin is a legitimate auction currency. This may lead to higher bitcoin prices in July

Today I also read this news in a prestigious newspaper in Germany; it seems that Germany is trying to legalize blockchain technology. This is good news for us

Yes, this is the best news of the day, and I am confident to announce that the price of the crypto market will increase a lot today.

I do not think that everyone has to move to Germany to avoid paying Bitcoin taxes when they withdraw money, because the cost of moving from Asia to Germany is more than pay taxes for Bitcoin.

Agree with your opinion. It is hoped that the whole world will also know the great benefits of cryptocurrency brought to them

If this is true then maybe I will travel to Germany tomorrow. I hope that I can pay many items with Bitcoin or altcoin in Germany

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.

I do not even know if you need to believe them or not, just Socratus is much cooler bitcoin

Good for Germany, hopefully, more countries see this as an opportunity for this advancement.

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,.

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.

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 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 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.

I like this news  :D. 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. ;D ;D ;D

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

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

Again a very good news of the day and I would like to tell you that the first good news is that the valuation of bitcoin is again started inflating and the market of bitcoin is looking so good and so positive and then another good news that in Germany 🇩🇪, bitcoin is declared as a legal tender and I am really very happy that countries one by one is legalising bitcoin and allowing bitcoin transactions in their nation and moreover some car dealer in Florida is accepting bitcoin, so the good news is coming from everywhere regarding bitcoin

Good news, indeed!

There is again a very good news regarding the bitcoin and the first news is very very good reason for being happy and that is once again the valuation of bitcoin has again started inflating and all those who has lost trust in bitcoin and was in panic selling of their bitcoins are now again getting trust over bitcoin and again wants to invest into bitcoin, so we can see that now more and more countries wants to be a part of bitcoin and now the Germany 🇩🇪 has declared bitcoin a legal tender in their nation.

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!

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

 " 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 .

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.

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.

This is awesome.Its a legal product as it is taking place around the world as well as Germany.

Well Germany finally approved the legal tender of btc. Its a promising news.

This is excellent. It opens a new era of crypto market as the government of Germany approve the tender.

This is great indeed. Now all EU country will follow Germany.

I think that is good news to everyone because it will be the start of everything in bitcoin. If germany accept it of course other country too. We are hoping that it will be happen in all country so it easy to us to make a transaction everywhere.

This is a good information for all is mate becauae they are not banning cryptocurrency and they also recognize it as a way of payment of people in any different transactions. Hope many country soon will habe this idea and an open minded.

I think its a great decision by German. German already be one of those country who doesn't close their door to crypto currency. I hope in the future, sooner or later, there will be more country that can accept and legalizing bitcoin.

This is very good news. This development of events has a good effect on the growth and growth of the cryptocurrency market in general. I hope more and more, and many countries start to get it.

It is designed to help insurers to save their money and get their business on a new level. Basically, they work with different types of insurance such as e-commerce, network insurance, personal accidents and so on. I think this is really great and it seems like a creative and demanding project. Again the good news of the day and I want to tell you that the good news first is that the bitcoin pricing starts to swell and the bitcoin market looks very good and very positive and then good news in Germany. Oh, bitcoin is declared to be a legitimate tender and I am really glad that the states that once legalized bitcoin and allowed bitcoin trading in their country and further some car dealers in Florida is accepting bitcoin, so the good news is that from everywhere it involves bitcoin

Yes, but it is kind of old news. Some people in Europe moved to Germany to avoid for their bitcoins when cashing out.

I have the belief that in the long run, many countries around the world will legitimately bitcoin and all its citizens will use it. This is a good news and I am sure this will help the value of bitcoin in the cryptographic market. Good news, indeed! Germany is at the forefront of technology and innovation. This has happened over a period of time, Germany is one of the first to adopt cryptography, especially BTC, a good move, some countries have chosen not to accept the currency, but Germany has done well this technology

Great news that Germany has legalize this currency as tender and it will be the model for those countries who has not yet recognized crypto as good but Germany has a developed country so other less developed countries will also follow this useful way to use it. May be in the coming years the crypto usage will be more advanced and on daily basis hundreds of new coins are coming into the market.

I really like this trend of adoption of cryptocurrency by large countries. This is a good sign for bitcoin. I hope that its full-fledged global implementation as a means of payment will happen very soon.

I am pleased with every news that any country accepts bitcoin on its territory. Especially if this country is such a world leader as Germany. This means that we are on the way to accepting bitcoin as a currency around the world.

This is great news for the whole cryptocurrency world, even though it is not so new. The more countries accept bitcoin, the better for technology development.

Very positive news of course, and hope for another countries to follow germany's step. Some products made by germany are quite popular in several countries and hopefully this will be one of the reason for a country to follow germany's step.

Germany is one of several country that already recognize bitcoin as payment. More country will following in near future and its good for crypto community. The door open for big investor because government already regulate

its a good news in crypto world  all country should legal the  bitcoin.

i think it will good for bitcoin future. i hope in the future we can use the bitcoin for daily use, like the real money, debit card, creadit card or anything else that we use everyday

wow I really salute and support if bitcoin can be trusted and used in the payment methods of daily life and I think that's a developed country like Germany always advancing its country in today's technology