Post
Topic
Board Economics
Re: Bitcoin is now legal tender in Germany!!!
by
Bitbuy
on 04/12/2013, 18:05:47 UTC
This simply means that Germany is ready to tax your bitcoins. I think you can expect the same treatment from other countries.


Again, this is true, however, I believe the same happens in the UK if you withdraw more then a certain amount! You can't just suddenly withdraw hundreds of thousands from mtgox for example and direct transfer to your bank without serious questioning and or heavy taxes.

I really appreciate the your insight however!

True, but you also can't help to see some government ploy "to get in on this Bitcoin scheme and scoop some money"; while at the same time they are skeptical of it becoming a valid means of pay...