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Author Topic: Germany added bitcoin as a legal tender!  (Read 321 times)
Gastonic
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June 19, 2018, 01:52:34 AM
 #1

Hello folks. here is the latest news about Germany which is the first country who added bitcoin as a legal tender. Many countries will follow soon. It is really a good news for all of us!

video link: https://dms.licdn.com/playback/C4E05AQFraneZVf1-gQ/e33ca27a480d4fdda9f187651093c237/feedshare-mp4_500-captions-thumbnails/1507940118923-hysdc8?e=1529460000&v=beta&t=m3-EC3YeX66oEAjKAOu077KbLMa1KMlTktFOEoWxaw8
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June 19, 2018, 02:01:31 AM
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hoho..best times are coming. germany has initiated it, i think its best for the other countries to do it as well and fast track their regulations just how thailand did. surprising to see that its the least country i expect to make it with btc as legal tender.

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June 19, 2018, 02:04:40 AM
 #3

I am honestly shocked to the core right now about how quickly this has happened! I thought at least it would take 5 years for a major country to make Bitcoin legal tender, but alas in 2018 we have that moment. Awesome! Smiley

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June 19, 2018, 02:08:19 AM
 #4

Welcome to February 2018. You are a bit slow there, mate.

Quote
Virtual currencies (cryptocurrencies, e.g., Bitcoin) become the equivalent to legal means of payment, insofar as these so-called virtual currencies of those involved in the transaction as an alternative contractual and immediate means of payment have been accepted.

https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/



Somewhat ironic, the video you shared is from 2013.


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June 19, 2018, 02:26:45 AM
 #5

I haven't gone through the entire decision but I am really happy about governments approach towards Bitcoin and other cryptocurrencies. As we all know that governments cannot Ban or destroyed Bitcoin directly, it doesn't make any sense to focus on indirect methods when they have a chance to legalize it and allow users to disclose their crypto information. Let's appreciate this move and hope that, other countries will do the same in near future. Governments can always trace the users who are using it for the illegal purpose as we have already seen such examples.

* Woman busted sending thousands in bitcoin to ISIS.

* Bitcoin Expert Warns Users About Tax Evasion: "The IRS Has Caught On".

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June 19, 2018, 02:32:29 AM
 #6

Wow this is nice. I am now seeing the sign of possible reversal for bitcoin price for the next coming months. I expect that London will follow too. If this happens, there is no doubt that bitcoin will surge upward again and reach new ATH.

I hope that there will be a clear regulation for Bitcoin usage for many countries.

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June 19, 2018, 02:38:08 AM
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That's definitely a good news to us all. More and more countries are making Bitcoin legal which means that people are actually acknowledging its use and that one day more and more countries are going to make Bitcoin as a way of transaction. Look at what Bitcoin has become today, it hasn't reach its peak yet the technology its bringing us today are revolutionary. Let's just hope that more good news comes to Bitcoin.

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June 19, 2018, 02:41:18 AM
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omg. I DO hope Canada will be one to recognize many, many altcoins, I would be had (in a good way, that is).
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June 19, 2018, 02:42:09 AM
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Why you guys are posting old news with new caption. Atleast google it before posting. here is latest from  Germany on bitcoin: https://cointelegraph.com/news/germany-financial-experts-don-t-see-crypto-as-an-everyday-payment-method-by-2020
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June 19, 2018, 03:08:12 AM
 #10

Really glad seeing this news.
This is a very welcome update for cryptocurrency community.
Hopefully more and more country will follow Germany's lead.
This could be the ver start of worldwide usage and acceptance of crytocurrencies.

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June 19, 2018, 03:08:43 AM
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Digital money exchanges will not keep personal information hidden and hidden in law enforcement agencies. The largest German Bitcoin Exchange has shipped customer data to the Bitcoin police itself with no anonymity feature whatever.
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June 26, 2018, 06:35:31 AM
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Great idea and initiatives  and want all other countries to approved and legalize the use of Crypto currency in their respective countries because digital currency is the future of currency

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June 26, 2018, 06:40:23 AM
 #13

This is the best news i have read so far this week
This means that bitcoin is expanding the way it was before
Things may get better because of this news
Awwww how i wish my country will accept bitcoin as a legal tender too
But hey germany government is one of the country that is open with cryptocurrencies together with japan, philippines and other neighbouring countries

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June 26, 2018, 08:24:43 AM
 #14

I am trying to open the link but says Access Denied, I don't why. However, good news need to be verified as I see other replies say that the link is old. I've just found a thread for this bitcoin update with factors will affect the bitcoin market: https://bitcointalk.org/index.php?topic=4546167.0. I just hope to add the news link to that thread if the news is update, but if the news is old than not necessary to be added on that thread.
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June 26, 2018, 08:31:44 AM
 #15

Gemany is one of the leading countries in the Europe and such move doesn't surprise me. This could be also the role model for other countries and since Germany is very influental this could develope in very positive way for bitcoin and cryptocurrencies in general.
I beleive that all countries are now aware that bitcoin and cryptocurrencies are the future they are just waiting for the right moment to get involved.
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June 26, 2018, 08:36:28 AM
 #16

This is good for bitcoin family a power house of economandy in Europe adding Bitcoin as a legal tender. I know after now a lot of EU communities will join and add up bitcoin as a legal tender.

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June 26, 2018, 08:48:11 AM
 #17

Germany already considers bitcoin equivalent to tender as a legitimate means of payment, in particular Germany justifying its tax decision by calling cryptocurrency concerning legitimate payments, the virtual currency (cryptocurrency) is equivalent to a legal payment instrument.
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June 26, 2018, 09:05:09 AM
 #18

After reading this news I analyed about the demand of bitcoin that is becoming vast,if Germany added is using bitcoin then it is abviously sure that other countries like canada will also use this feature in nearly days
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June 26, 2018, 03:10:50 PM
 #19

this is a remarkable moment nowadays Germany as a big country can recognize bitcoin as a payment that when, it is very scary
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June 26, 2018, 03:14:40 PM
 #20

This is a good news to hear. We hope other countries will do same
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