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Yes, 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 bind
by squiggleblaz 7y ago
Yes, 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.