19 Aug '13, 2pm

Germany

Germany

Virtual currency bitcoin has been recognized by the German Finance Ministry as a "unit of account", meaning it is now legal tender and can be used for tax and trading purposes in the country. Bitcoins is not classified as e-money or a foreign currency, the Finance Ministry said in a statement, but is rather a financial instrument under German banking rules. It is more akin to "private money" that can be used in "multilateral clearing circles", the Ministry said. "We should have competition in the production of money. I have long been a proponent of Friedrich August von Hayek scheme to denationalize money. Bitcoins are a first step in this direction,"said Frank Schaeffler, a member of the German parliament's Finance Committee, who has pushed for legal classification of bitcoins. (Read more: Bitcoin gets the FBI, Homeland treatment ) Bitcoin is a virtual currency that allows...

Full article: http://www.cnbc.com/id/100971898

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Bitcoin Is Recognized As "Legal Tender" In Germany

zerohedge.com 20 Aug '13, 3am

Virtual currency bitcoin has been recognized by the German Finance Ministry as a “unit of account”, meaning it is now lega...

Germany recognises Bitcoin as legal tender #bitcoin #germany

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neowin.net 19 Aug '13, 10am

Germany leads the way as it becomes the first nation to accept Bitcoin. Bitcoin has begun to impact on the global financia...

In Germany, Bitcoin Is Now Legal Tender

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bigthink.com 20 Aug '13, 1pm

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venturebeat.com 19 Aug '13, 3pm

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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 Recognizes Bitcoin As “Private Money”, ...

techcrunch.com 19 Aug '13, 12pm

When it comes to Bitcoin news, the German government’s decision is part of a bigger trend. Transactions and institutions w...

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...

Bitcoin declared a currency in Germany via @itnews_au

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itnews.com.au 18 Aug '13, 9pm

Controversial crypto currency Bitcoin has gained further traction after the German federal government officially recognise...

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silveristhenew.com 21 Aug '13, 9pm

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Bitcoin now 'unit of account' in Germany

theguardian.com 19 Aug '13, 10pm

Germany 's ministry of finance has formally recognised the digital currency Bitcoin as a "unit of account" which can be us...

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businessinsider.com 19 Aug '13, 6pm

clarified its position on Bitcoin , everyone's favorite digital cryptocurrency. After a parliamentary inquiry from the Fed...

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

bitcoinmagazine.com 19 Aug '13, 7am

All over the news in Germany last weekend was a reply by the German Ministry of Finance to an inquiry in parliament. The M...

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theverge.com 19 Aug '13, 3pm

The German Ministry of Finance has issued an official statement recognizing the virtual currency Bitcoin as "Rechnungseinh...