Germany Approves Cryptocurrency As Legal Means Of Payment

[Mobius88]

"If the Director of the Forex really makes such statements then he is a stupid idiot. Germans really far-sighted and clever nation. They will never take such a stupid step to make cryptocurrency state. Even if the Euro dies. They can always easily return to the Deutsche mark. Probably Katherine Brooks wants to destroy the German economy"

On the one hand you're right, and on the other hand there would be no other way to avoid Blockchain platforms in business and commercial world. Government has opposite function from business. It should just let new economic to develop hand in hand with new technologies.

[Spaffin]

This is a very good decision, first of all, by the European Court of Human Rights. Germany simply had to comply with the decision of this court, that is, to bring its national legislation in accordance with the specific decision of this court. Also, all 41 states that signed the European Convention on the Protection of Human Rights and Fundamental Freedoms of 1950 must do this. I am glad to hear this, since my country signed this Convention in 1997, and therefore it is subject to compulsory execution of the decisions of the European Court. In addition, the legislative body of my country (Ukraine) has already introduced a bill on the exemption of any transactions with crypto currency from paying taxes.

[Gadhoh]

This is good news for the crypto currency community. This can be regarded as the position of the German authorities in relation to the crypto currency market. The recognition of BTC as a means of payment in Germany, as well as the exemption of a number of transactions from taxes, is a positive signal for the whole market.

[t2yax]

This will be the biggest innovation for Germany. We know how important the cryptocurrency is. We see how bitcoin works for now, but in the future, it can be the biggest innovation. We need to promote bitcoin, to make bitcoin value grows high. It would be legalized if all of the people can promote it. We know what bitcoin will be in the future, and what will be the best advantage of bitcoin.

[izanagi narukami]

It's surely will improve bitcoin influence over the world especially when German is honorable state
Although it's the effect is not significant as much as halal legalization but if German already legalize bitcoin, I'm sure more country will follow their track !

[sindikat]

I don't believe this is going to happen. It seems to me that all governments will go the other way. They will simplify the procedure for enrollment of Fiat from the exchange of cryptocurrencies. This will make it possible to control the income of citizens but will not allow the use of cryptocurrencies as a currency. This will not jeopardize the economy.

[Tapyaks72]

I don't believe this is going to happen. It seems to me that all governments will go the other way. They will simplify the procedure for enrollment of Fiat from the exchange of cryptocurrencies. This will make it possible to control the income of citizens but will not allow the use of cryptocurrencies as a currency. This will not jeopardize the economy.

What Germany did about crypto currency that being considered as regular currency is a brilliant move by the German government aside  from taxes that it's generate because of some business  transaction bitcoin is more  powerful than US dollars in term of its value it would create inflation and boost the economy.
 

[Granxis]

Germany is a country that invests in crypto moneys, I am not surprised that crypto moneys have become legal in Germany. I am very hopeful of crypto moneys from Western european countries, eastern and southern european countries should follow this innovation as soon as possible.

[qwertyup23]

Germany is a very strong country economically or we can say that it is the leader. They stepped out with this great news which is going to be a big push to crypto. Maybe we will not see that right away, but it is a big step forward definitely.

A lot of implications can be seen to this move. As you mentioned, Germany, one of the leading economic leaders in the world, may contribute to its price in the market due to its legalization and utilization in the country. Since an economic leader has approved of bitcoin being used into its transactions and payment, it may influence other countries as well to follow this move, thus increasing the price of bitcoin significantly.
In adherence to this implementation, this is a huge step forward to the cryptocurrency world as the government of Germany views 'bitcoin' as a LEGAL means of payment. It cohered and harmonized with their laws and this implies that countries may soon be influenced by this move.

[palle11]

This should settle the EU contemplation about adoption of bitcoin because Germany is one of the powerful leader of the eu community.  It means in a short while, we are going to be getting some more positive news from the European countries.

[orions.belt19]

I don't believe this is going to happen. It seems to me that all governments will go the other way. They will simplify the procedure for enrollment of Fiat from the exchange of cryptocurrencies. This will make it possible to control the income of citizens but will not allow the use of cryptocurrencies as a currency. This will not jeopardize the economy.

Yes, it may be too early to "denationalizing the production of money". Even when it's positive news for crypto and bitcoin users within the country, it may not be possible to adopt this at a nationwide level. Germany may be trying to advance however they may be jumping a bit too far. Fiat is still the most convenient to use as of the moment and unless technology immediately advances and develops to help facilitate the use of crypto as a currency, then it may not be realized yet for the moment even if their government wants to.

[imsotiredofmoviereboots]

Certain parts of Europe is going crypto friendly and I'm very amazed by that. I hope that this will also get implemented as soon as possible in my country so we can use the power of blockchain to boost our economic status.

[Kemarit]

Certain parts of Europe is going crypto friendly and I'm very amazed by that. I hope that this will also get implemented as soon as possible in my country so we can use the power of blockchain to boost our economic status.

But there will be always someone on the opposing side. EU is still 50/50 as far as crypto or bitcoin adoption is concern. There's a lot of government and central banks that's against crypto in general. But I like what I'm seeing here. Yes, Germany is one of the most developed economy so its going to be a big boost specially if they are going to give tax exempts and other incentives so that more will be encourage to join the cryptoverse. Let's see how it goes after the G20 meeting as it's one of the hottest topic they discussed. They say that they are going to study crypto and the decision could be announce in July. We all know that a lot of EU nations are part of this group, so the decision could really bring weight to the ecosystem. Specially if country like Germany leading the way in EU.

[Aikidoka]

Germany is one of the leaders in Europe and world when it comes to economics. This new is very encouraging and we could see others follow these steps.
I'm very happy to hear this. In some way it is inevitable.

German people are like Japanese. Both of them are hard workers. Legalizing cryptocurrency will make their economy rise because they are going to get paid in bitcoin, thus will get huge profits when the price increases. Added to that, unlike China and India, Germans are smart and they know what to do. I do not see any flaw in the approval of bitcoin. And I hope they continue with that decision.

[milewilda]

Germany is one of the leaders in Europe and world when it comes to economics. This new is very encouraging and we could see others follow these steps.
I'm very happy to hear this. In some way it is inevitable.

German people are like Japanese. Both of them are hard workers. Legalizing cryptocurrency will make their economy rise because they are going to get paid in bitcoin, thus will get huge profits when the price increases. Added to that, unlike China and India, Germans are smart and they know what to do. I do not see any flaw in the approval of bitcoin. And I hope they continue with that decision.

Every country do have its own views towards bitcoin if they would decide to accept it or not then this would be entire depending on what they do saw on it either would be a threat or a beneficial thing for them.This is why we do see different decisions over those countries.The good thing on here is that we do still able to see countries which do accept it inspite of the negative aspects of bitcoin they do know how to handle such thing and they do focus into its actual benefits rather than on the other side.

[KorakPawon]

not only Germany but Dubai America and other major countries approved crypto entry into their country into a legitimate payment instrument, allegedly Germany is among the largest people using bitcoin so the government there allows bitcoin as a means of payment.

[cryptojac17]

not only Germany but Dubai America and other major countries approved crypto entry into their country into a legitimate payment instrument, allegedly Germany is among the largest people using bitcoin so the government there allows bitcoin as a means of payment.

Yeah country that is known for  tourists destination I have  no doubt it  follow what Germany and other major cities in the world who  uses bitcoin as a legal tender, because there are lot of advantages in using crypto currency, because of past and economical way of transfer which advantageous for tourism business.

[senin]

This is very good news for virtually all of Europe. Since Germany is one of the leading countries in Europe, the recognition of its crypto currency as a means of payment will have a positive impact on all countries of the European Union.

If the reference to the decision of the European Court refers to the European Court of Human Rights, in accordance with the respective Convention signed by these countries, all European countries will have to bring their own legislation in accordance with the decision of this court.

[KorakPawon]

in Germany Bitbond works by letting clients hold their loans in Bitcoin or other cryptocurrency for a very short time before they are redeemed to the original fiat currency of the recipient country. This method maintains a relatively fixed exchange rate and prevents the well-known volatility of market cryptocurrency from undermining the process.

[Lehbane]

Their are some things to think my friends, there some payment in this word that doesn't need to be legal when receiving a payment or giving a payment as of Bitcoin when you give it as payment and the other party accepted it that is the thing matter most, since payment thing has many ways, you can pay fruits over a basket of bread, some uses their body (special service) to pay some things they broke or damage, some pays a broken glass with a good pair of silverwares, as long as the two party agreed with the payment then I don't think they need for legal terms for it, I think agreement is the best, legalizing  also crypto as payment is forcing everyone to get engage.