Germany recognized the bitcoin

[jonaire99]

First it was Japan and then followed by Germany later. These countries are two of the bitcoin-friendliest countries today by allowing bitcoin to be one of the allowed currency that can be use by their citizens jn thejr transactions. I hope other countries particularly in Asia will follow soon. Most these countries that still reluctant to recognize or legalize bitcoin have been looking for effective regulations to be imposed once they allow bitcoin transactions in their areas.

[GDragon]

It would be a good news to all bitcoin supporter. We are in the mid-way my friend! We will across the moon again and sit to our luxurious chair. All we need is patience and determination to achieve your goal.

[andika2018]

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

Its a good news from one of biggest economy in the world and thats happen before G20 economic meeting. I think thats a sign that bitcoin can have regulation from government and able to be currency not just a store of a value

[KrishaBitcoin]

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

I would really think that the government of Germany is very good as they truly thinking of their citizen welfare. To think that there are huge opportunity that the government can collect much savings thru Bitcoin tax but still they wave it in their Bitcoin regulation. The German people is very fortunate of having this kind of governance from their government in which we just hope that other countries will follow this pro-people policy.

[jakagintiri]

this is good news for bitcoin world let alone germany is a big country and its economy influence world economy, may big country follow step taken by german and change world view to cryptocurency and can increase cryptocurency price.

[inesterdd]

If Germany has recognized the currency as bitcoin, then other EU countries should also do it.
In practice, this means that the civilized world in the near future is moving to a crypto-currency financial system.

[Reatim]

If Germany has recognized the currency as bitcoin, then other EU countries should also do it.
In practice, this means that the civilized world in the near future is moving to a crypto-currency financial system.

I doubt that other EU members should follow suit as well, although that's what we really wanted. Remember back in G20 summit in Buenos Aires, EU members are talking about putting regulations on it and even Germany and France was pushing for a single regulatory body back then.

So we have to wait till July about the final decision of the G20 members. But I have doubts that EU countries will just change their tune because Germany recognises bitcoin. That's not how it works, each nation has its own crypto regulations and as much as we really hope that every nation would be bitcoin friendly, in reality there will still be countries that will opposed it.

[coinadon]

Very interesting. the more countries that support and use bitcoin for payment access, it will have a very positive impact on price and bitcoin stability for the future. In addition to Germany, there are still many countries that legalize bitcoin for payment instruments.

[basyang]

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

Well,That is a good news. Nowadays, the country that accepting bitcoin is increasing. Its means many country appreciating bitcoin and bitcoin is becoming part of the finance government. Its good to hear that germay is trusting bitcoin. for me, the reason why purchasing made for cryptocoins are not taxed because the government does not have control in bitcoin. Even though the goverment can not control bitcoin its good to know that many countries is support and accepting bitcoin in their country and used it as a mode of payment. If many country is starting to accept bitcoin for sure the other country can definitely convince to accept it too.

[ivrynx]

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

It is just! Since crypto currency doesn't belong to the government, it should not be taxed at all, however for fiat, it is understandable that the government will take something from you, that they made, since that is how the supposedly "economy" should work, by paying taxes, with this move made by germany, only means that Germany can be considered a safe haven from people who are into crypto currency, hopefully you have a link to share with us.
I also understand that we all want to see this type of ruling globally, hopefully other countries will follow as well and not just think that Germany is doing this, so they pay off their debts, instead others would see this as an opportunity, since Japan had already did this, then Germany, I think they should also ask, what does the two country see and they believe in crypto currency and not just criticize every move made in favor for the crypto market.

[bongnor531]

Very great news, also there are lot of startups in Germany with blockchain activity. Wonder when it will be carried out in my country too...tax free probably never...

[sepeda karat]

I think Germany publishes a document in which crypto currency is not directly 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.

[tuturutmunding]

in germany bitcoin is recognized as a legitimate payment instrument very good german is the center of the economy in europe and bitcoin will get the highest popularity there it can affect on the btc price spike

[MUG1WARA]

this is good news that Germany already recognizes bitcoin will certainly attract many developed countries that receive bitcoin will lift everyone to use bitcoin

[bowals]

a good step in the right direction however i know sooner or later, the tax component would be implemented

[restuibu]

Germany is one of the developing countries and already recognizes bitcoin as one of those currencies is good news and hopefully there will be many countries that recognize bitcoin

[Elrozaq]

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

It is a good news. I hope every country do that. Because Bitcoin is the future technology, so The government should accept it.

[Eleven86]

It's a very good news that now most of the developing countries accept bitcoin as legal. So many countries now looking forward about cryptocurrency. This is the good change that and the change will affect many countries. So in future other countries are also have a chance to accept bitcoin as legal. In the same way now germany recognised  bitcoin in their country. The change will reflect in bitcoin price soon there will be a hike in bitcoin price.

[Aveatrex]

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin  legal tender.  The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

That's a really good news,especially that German taxes are already high on other things (I think 60% for salaries?),it's a good move to cancel taxes for cryptocurrency so that they encourage investors to adopt this new technology.
Meh,I wish that more countries doact smart like Germany and support cryptocurrencies.

Edit:Can you give the source please?

[bocyaj]

It will be good news for bitcoin investors and traders in Germany.The money investing by them on the safe assets like gold.Since bitcoin is the legal one in Germany,they on safer hand.This will increase the bitcoin traders in Germany.Henceforth increase the price of bitcoin and they will get profit.