19 Aug '13, 10pm

Bitcoin now 'unit of account' in Germany

Germany 's ministry of finance has formally recognised the digital currency Bitcoin as a "unit of account" which can be used for private transactions – meaning that the ministry will now be able to tax users or creators of the four-year-old virtual money. However, companies wanting to use it for commercial transactions would need permission from the Federal Financial Supervision Authority. The Frankfurter Allgemeine newspaper reported on the decision, which follows scrutiny of Bitcoin's potential usefulness as digital money. Bitcoin is an online token which can be used and exchanged for goods and services in the same way as standard currencies. However, it has no issuing bank; the currency is created by computers performing complex mathematical problems. Transactions are carried out by transferring a unique number within the Bitcoin network from one electronic "wallet" – o...

Full article: http://www.theguardian.com/technology/2013/aug/19/bitcoin...

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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

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: 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...

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...

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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...

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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 recognises Bitcoin as legal tender #bitcoin #germany

Germany recognises Bitcoin as legal tender #bit...

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...

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

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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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 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

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...