While
Thailand may have banned Bitcoin,
the electronic currency — although some are not so sure
— the economic powerhouse of Germany has just made it legal tender:
Virtual currency
bitcoin has been recognized by the German Finance Ministry as a “unit of
account”, meaning it is can be used for tax and trading purposes in the
country.
Bitcoin is not
classified as e-money or a foreign currency, the Finance Ministry said in a
statement, but is rather a financial instrument under German banking rules. It
is more akin to “private money” that can be used in “multilateral clearing
circles”, the Ministry said.
Moreover,
one Parliamentary official, a member of the classical liberal Free Democrat
party that is currently part of the coalition government, gave a truly liberal
backing for the decision:…..To Read More……
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