19 Aug '13, 3pm

Germany's ruling on Bitcoin paves the way for its legitimacy in the EU

The German Ministry of Finance has issued an official statement recognizing the virtual currency Bitcoin as "Rechnungseinheiten," a legal designation that translates to "units of account" — more than Monopoly money, but not quite currency. This type of accounting unit, which also covers regional currencies, is also referred to as "artificial currency" or "side payments." (Think barter clubs or Disney dollars .) The announcement came in response to a direct question from a member of the German parliament Bundestag. But contrary to press reports, this is not a new position. It is an affirmation of a previous ruling by the Federal Financial Supervisory Authority, also known as BaFin, a body within the Ministry of Finance. The designation means that sales of Bitcoin are subject to the value-added sales tax, and any profit made from the sale of Bitcoin should be taxed as income...

Full article: http://www.theverge.com/2013/8/19/4636068/germanys-recogn...

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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...

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pandodaily.com 19 Aug '13, 11pm

Germany’s ministry of finance has officially recognized Bitcoin. The most important ramification of this development is th...

Germany recognises Bitcoin as legal tender #bitcoin #germany

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neowin.net 19 Aug '13, 10am

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businessinsider.com 19 Aug '13, 6pm

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In Germany, Bitcoin Is Now Legal Tender

In Germany, Bitcoin Is Now Legal Tender

bigthink.com 20 Aug '13, 1pm

What's the Latest Development? On Monday, Germany's finance ministry brought Bitcoin one step closer to legitimacy by decl...

Germany

Germany

cnbc.com 19 Aug '13, 2pm

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

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...

Bitcoin now 'unit of account' in Germany via @g...

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...

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

arstechnica.com 18 Aug '13, 5pm

In response to a query by a member of parliament, the German Finance Ministry has declared (Google Translate) that it acce...

Bitcoin declared a currency in Germany via @itnews_au

Bitcoin declared a currency in Germany via @itn...

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

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

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

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

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...