In the current quirky world of Crypto, We believe and hope Bitcoin will become a global currency, one that we can spend on "Pizza" the same way we use Visa or MasterCard. What do you think needs to be done to make BlockChain technology a success ?
As I understand this article and attached document (however I do not speak or read German), this is huge;
https://www.coindesk.com/germany-considers-crypto-legal-equivalent-to-fiat-for-tax-purposes/This in effect, if I am correct, makes Germany a crypto-capital gains tax free zone for purchasing things in crypto. Every other country and currency will have to adopt similar capital gains tax free status, or they will not be used for transactions in crypto. Long term of course, as this fact is discovered. Until then it could be a huge boost to the German economy and the euro in Germany since people will want to do all their crypto business there.
It also simplifies the use of Bitcoin as a currency since you won't have to document every Bitcoin you ever purchased for capital gains tax purposes.
Am I correct here? Am I reading the article correctly?