GERMANY has done one of the best steps in favor of CRYPTO use

in #bitcoin4 years ago

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.

Good times ahead!!!

@toofasteddie

Sort:  

Finally a country that have a good thought of the cryptocurrencies!!!

And you know what, I'm sure UE will follow Germany

And i hope that you are in quite right!!

Coin Marketplace

STEEM 0.32
TRX 0.06
JST 0.043
BTC 36566.82
ETH 2601.23
USDT 1.00
SBD 4.14