Quote from: Clement Kaliyar on December 05, 2019, 04:51:35 PM

Quote from: el kaka22 on November 29, 2019, 05:49:21 PM

This must be one of the positive consequence of adopting European union's recent money laundering directives. It seems as per those directives, German laws now may start supporting cryptos as an asset. Still, European countries are not ready to declare bitcoin as a legal tender like how Japan did some 3 years back itself. I believe Swiss government may do that first among Europe countries.

The German banks have the permission to sell and hold bitcoin but i cannot find any by law that says it will be considered as a legal tender, it might be considered as a commodity and if the government gives the permission to use bitcoin as a legal tender then it will be a huge news for the market and it will reflect in the market and i am still waiting for more news about the recent development.

Quote

Under the proposed bill, financial institutions will purportedly allow cryptocurrencies to be used in similar manners as traditional assets. Customers would still be able to operate securities such as stocks and bonds. Additionally, when using online banking, clients will reportedly also be able to navigate their cryptocurrency assets, just as they have done with fiat money until now.

https://cryptopotato.com/report-german-banks-could-be-able-to-store-bitcoin-from-2020/

https://www.liechtensteinusa.org/article/liechtensteins-parliament-approves-blockchain-act-unanimously