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You are confusing the right to legally sell and trade cryptocurrency in Germany and the control of it. Bitcoin and other cryptocurrencies will not be regulated
by yohannparis 7y ago
You are confusing the right to legally sell and trade cryptocurrency in Germany and the control of it.
Bitcoin and other cryptocurrencies will not be regulated by the Deutsche Bundesbank (Germany Central Bank).
- squiggleblaz 7y agoYes, but a person who exchanges using cryptocurrency has to pay taxes in euros to the German government, so you cannot escape. Every transaction in Germany binds you to the central bank. This is also true of exchanging five eggs for some butter, so anyone who thought a new currency would somehow exempt them from tax laws (and the currency in which the tax is denominated) was always foolish.
- C14L 7y agoYes. But this is only the start of the journey. Maybe in a decade or three, it will be possible to pay taxes in a cryptocurrenty too. For now, we should be careful and observe as the technology evolves and the impact of cryptocurrencies on markets and society increases.