GERMANY has done one of the best steps in favor of CRYPTO use
According to an article published at coindesk , Germany won't tax bitcoin users for using the cryptocurrency as a means of payment, the Ministry of Finance has said.
So, Germany considers between others:
- "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."
- "Miners who receive block rewards will not be taxed, as their services are considered to be voluntary."
- "Exchange operators that buy or sell bitcoin in their own name as an intermediary will receive a tax exemption, though an exchange operating as a technical marketplace will not receive any such exemption."
Read the complete article here.