19.08.2013 - Bitcoin declared a currency in Germany
Controversial crypto currency Bitcoin has gained further traction after the German federal government officially recognised it as a currency. The federal authorities declared Bitcoin an accountable unit that can be used as a means of private exchange multilaterally, reported the Frankfurter Allgemeine Zeitung newspaper. This now means Bitcoin commercial trading gains and value appreciation are now subject to a withholding tax of 25 per cent in Germany. The digital cryptographic currency is increasingly appearing on authorities' radars...............................................Full Article: Source
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