19 Aug '13, 1pm

Bitcoin can be used for private transactions, German government says

The German Federal Ministry of Finance said on Monday that Bitcoin is not a full-fledged currency but that it is permissible to use it in private transactions. But if companies want to use Bitcoins for commercial transactions, they need the permission of the Federal Financial Supervisory Authority (BaFin), said Martin Chaudhuri, ministry spokesman. Bitcoin is a digital currency that can be exchanged electronically. But like other virtual currencies it lacks the backing of a government entity or a central bank. In Germany, Bitcoin is not seen as a real currency by the Ministry of Finance, said Chaudhuri. Bitcoin rather falls under the classification "Rechnungseinheiten als Finanzinstrument" which is a unit of account, he said. The government clarified its position on Bitcoin at the request of a member of parliament (MP) a couple of weeks ago, said Chaudhuri. While Bitcoin c...

Full article: http://www.pcworld.com/article/2046960/bitcoin-can-be-use...

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Germany: Bitcoin Is "Private Money"

news.slashdot.org 19 Aug '13, 3am

declared Bitcoin as a 'unit of account' , which makes the virtual currency a kind of 'private money' and the process of Bi...

Germany

Germany

coindesk.com 19 Aug '13, 10am

The German ministry of finance has officially recognised bitcoin, mentioning the digital currency in a reply to an inquiry...

Germany

Germany

rt.com 18 Aug '13, 6pm

Germany recognizes Bitcoin as ‘private money’ Published time: August 18, 2013 18:13 Get short URL Tags Banking , Currencie...

Germany Recognizes Bitcoin As “Private Money”, ...

techcrunch.com 19 Aug '13, 12pm

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engadget.com 19 Aug '13, 6pm

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Dear Government, we need this in Singapore

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Germany recognises Bitcoin as legal tender #bitcoin #germany

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Germany recognizes Bitcoin as a “private money,...

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