Bitcoins do not satisfy this requirement in the view of BaFin they are therefore neither money e-money legal tender nor foreign exchange or foreign notes and coins. BaFin classifies Bitcoins instead as units of account within the meaning of the German Banking Act ie.
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Unlike the euro considered fiat money Bitcoins and other cryptographic currencies are not legal tender.
Is bitcoin mining legal in germany. Bitcoin Taxation in Germany. In Germany mining of crypto by individuals is taxed as other income under Section 23 of the Income Tax Act. Ether IOTA and Co.
A legal obligation to accept Bitcoins. You could however avoid this tax if you held the bitcoin for a year before purchasing the motorcycle et Do I pay taxes on Bitcoin. As units of value not denominated for legal.
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