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BVDW WARNS CONSUMERS AND DEALERS AS PAYMENT BITCOINS with Interpretation
The Federal Association of Digital Economy (BVDW) advises consumers of the use of cash "Bitcoins" ex. Bitcoins have the potential of the whole society through tax evasion, money laundering and illegal transactions harm the long term. For the safety of consumers and in the interest of all market participants in the BVDW recommends the best means and methods of payment for online transactions in e-commerce trust. Hey guys, using Bitcoin would really hurt us, please don't.
BVDW Vice President Christopher N. of Dellingshausen:
"The Federal Association of Digital Economy Consumers warned against the use of cash Bitcoins. For one, issuing and control of cash in our society a sovereign function. By using Bitcoins as payment, the necessary review by the State in cases of fraud or money laundering is impossible. Bitcoins why are simply dangerous and have the potential to harm society as a whole just to sustainably reduce tax evasion, money laundering or other illegal businesses. We should be the ones who determine how much your money is worth. You might take away my job!
Second, contrary to an automated control money supply as is the case, Bitcoins' every economic policy and their escape to the ground. The extraordinary importance of economic policy for the company, the companies and organizations, and virtually every consumer in the wake of the financial crisis may already know. Our monetary policy has been so effective, take a look at the booming ecomomy and stable monetary value over the last few years. If Bitcoin existed we might have a financial crisis!
We assume that, on substitute currencies' like Bitcoins sooner or later be banned by legislation, because he sees the responsibility to protect its citizens and society far-reaching. exist for the safety and welfare of consumers, but also in terms of the interests of traders and operators of online stores must be a regulation for the payment. Although we operate in a virtual environment, but with real transactions. Excluded from this course are limited points and miles scheme or similar customer loyalty programs, which happens a pay similar compensation to a limited extent within a range between the user and service provider. We are the only ones who should be able to steal money from people, so it will be banned.
The real economy must not become a monopoly game. The BVDW recommends that all market participants to continue to rely on the proven means of payment for online transactions in e-commerce or online barter. A collection of Bitcoins as a monetary reserve could be validated by another on the day by state intervention. The economy should not be a monopoly of Bitcoin, it should be a monopoly of our choosing!
In addition, the EU legislative process seeks to identify the Payment Services Directive (PSD) has already initiated the first important steps for the cross-border payments. The principle of self Bitcoins would occupy this position. By will shape the policy, however, cross-border payments as easily, efficiently and safely as possible, the policy while enhancing competition by new entrants gain access to payment markets. The legal basis for the Single Euro Payments Area, therefore, is the Payment Services Directive, the legal basis for the creation of an EU-wide internal market for payments. Just wait until our crappy law comes out, you won't even want bitcoin.
Certainly, this policy makes the work of individual payment service, but overall, it proves to be useful for a transparent and trustworthy market view. In the future single, destructive forces are repeatedly express an interest, released its own new currency to provide from state control. Based on recent events and reports in the media about the use of Bitcoins as payment, we experience the result of a first wave of a currency discussion, the intensity in the next two to three years will continue to expand. Trust in us, your infallible government. May you slaves have a ignorant day!
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