Is Bitcoin Legal In Germany / Bitcoin is Legal in INDIA - YouTube / Bitcoin mining is generally allowed in germany.
Is Bitcoin Legal In Germany / Bitcoin is Legal in INDIA - YouTube / Bitcoin mining is generally allowed in germany. . Generally the users are qualified of offering money. A legal obligation to accept bitcoins therefore does not exist. The reason lies back in 2013 when the whole world was just getting acquainted with the internet, germany legalized bitcoin and termed it as 'private money'. Bitcoin is completely legal to trade and use in germany, although it is not legal tender so there is no obligation for it to be accepted by businesses. A report from progress.org indicated that bitcoin has been deemed to be a unit of account by the german finance ministry. Crypto is not treated as foreign currency, legal tender, nor as property under the german tax acts. To sum up, bitcoin is legal in the usa, however, there is no clarification about the legalization of other cryptocurrencies. Bitcoin's legal status is different in different countries. Germany has acce...