2013-08-20 Germany plans tax on bitcoin

[patricktim]

http://www.telegraph.co.uk/finance/globalbusiness/10252383/Germany-plans-tax-on-bitcoin-after-virtual-currency-recognised-as-private-money.html

The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”.

[Carlton Banks]

http://www.telegraph.co.uk/finance/globalbusiness/10252383/Germany-plans-tax-on-bitcoin-after-virtual-currency-recognised-as-private-money.html

The German Finance Ministry ruled that Bitcoin is a “unit of account”, and therefore 'mining' them is a form of “money creation”.

At what point after an event has already happened can we legitimately start calling "news" "old news"? This example is bizarrely borderline: their headline implies they haven't fully implemented this ruling yet, to sort of suggest some kind of dynamism or motion, as opposed to the real situation: static.

[favdesu]

However, the ruling may prove difficult to enforce, as Bitcoin are traded anonymously, and therefore cannot be traced.

that's all you need to know.

edit: telegraph's translation is wrong too

edit2: TL;DR "Bitcoins are NOT stocks or shares (which are taxed at 25pc)."