In Germany, bitcoin was recognized as legal tender

[amitkumratra]

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.

[asdalani]

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.

[Gabriellefull]

https://anycoin.news/wp-content/uploads/2017/12/bitcoin-germany-2014.jpg
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.

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.

[macartem]

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

[karik1987]

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.

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

[Valer4ik]

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

[KingScorpio]

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.

but why only bitcoin what is with other cryptocurrencies?

[Ghayoor]

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.

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.

[Washball]

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.

[senin]

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.

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.

[KingScorpio]

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.

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

russia already legalised "all" cryptocurrencies

[Karavadinos]

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.

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.

[Alanpigi80]

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

[anisuzzaman99apu]

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!

[AliMan]

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.

[lehuong]

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

[Claudyah]

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.

[ganlianshifu1]

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!

[tdtduy]

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.

[tdtduy]

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

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.