Quote from: just_Alice on March 05, 2018, 07:35:13 PM

Quote from: Emin90 on March 04, 2018, 06:28:45 PM

The Ministry of Finance of Germany signed the Decree on recognition of bitcoin legal tender. The document specifies that purchases made for cryptocoins, are not taxed!What do you think about it?

That's an important step towards worldwide legislation, if no taxes are implemented this means that Bitcoin is finally considered to be a currency, not a property, but this is definitely going to affect Germany economic system, I wonder how they'll regulate cycle of money then.

You spend the money, this boosts economy. The money you spend goes to somebody else, who in turn spends it, etc. If you spend it in Germany (or maybe the EU as a whole, not sure about this), there is VAT the state collects for every sale (around 20%, I think but it varies from country to country). Kudos to Germany for the wise decision!