Bitcoin Transactions to Be Treated as Legal Tender for Tax Purposes in Germany


In yet another forward‐thinking maneuver, the German Federal Ministry of Finance has released a report on Tuesday, February 27, outlining taxable events regarding bitcoin payments. Specifically, the financial authority looked into how to tax miners, cryptocurrency transactions, and the taxable role that exchanges play in the ecosystem.  Whatsmore, the document based these statements on the contents of the European Union’s VAT directive.

One of the more intriguing features of the document revolves around its reference to existing financial legislation. While Germany itself is turning into somewhat of a hotspot for crypto startups and pundits, by including EU‐wide regulations, it offers an optimistic perspective for the rest of the union. The document reads, as translated by the author:

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