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05.03.2018 | 16:09

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Crypto currency

Germany regards cryptocurrency as payment means

Purchases fro bitcoin won't be subject to capital outflow tax.

German Finance Ministry decided to treat virtual currencies as equivalent of legal means of payment.

It was reported in the Ministry's document, according to Coindesk.

Thus, purchases for bitcoin won't be subject to capital outflow tax as in the USA where cryptocurrency is deemed as the property.

At that, the buyer using cryptocurrency will pay VAT.

References in the article: cryptocurrency, bitcoin, payment

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