Bitcoin’s status in Germany

Bitcoin’s status in Germany

Back in August, Germany became the first country in the world to recognize Bitcoin as “private money.” Note this is not the same as legal tender. This, perhaps above all, is seen as legitimizing Bitcoin’s image worldwide, where prevailing narratives before mid-2013 or so focused on Silk Road and money launderers. In Germany itself, Bitcoin spenders and businesspeople are now free to engage in digital commerce without the fear that their activities put them on the wrong side of the law. But this designation has further implications in Germany and Europe. First, the currency’s decentralized....


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