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Bitcoin recognized by Germany as legal tender

We should have competition in the production of money. I have long been a proponent of Friedrich August von Hayek scheme to denationalize money. Bitcoins are a first step in this direction.“

– Frank Schaeffler, member of German parliament’s Finance Committee

 

Bitcoin

Michael Krieger of ZeroHedge states: „More than anything else, I believe this represents a psychological and cultural step change toward the realities of the future. A more decentralized and freer world.“

Several newspapers reported on the German government officially recognizing Bitcoin as a form of „private money“. The government’s statement was a reaction to formal questions to the government posed by member of parliament Frank Schaeffler.

See the following articles:

ZeroHedge: Bitcoin Is Recognized As „Legal Tender“ In Germany

CNBC: Bitcoin recognized by Germany as legal tender

The Guardian: Bitcoin now ‚unit of account‘ in German

The Telegraph: Germany plans tax on bitcoin after virtual currency recognised as ‚private money‘

 

Also see articles printed in German newspapers.