Germany confirms virtual currency as private currency
Publish: 2021-04-30 11:11:54
1. Germany
at the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as a "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as a legal currency in Germany and can be used to pay taxes and engage in trade activities< In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulation
legal status
bitcoin can still be considered as legal at present. In the world, bitcoin can be regarded as a virtual commodity and protected by law; If bitcoin cannot be officially recognized as a kind of currency by law, it may bring inconvenience to the businesses and indivials who accept bitcoin in tax declaration, because the businesses who accept bitcoin will be regarded as barter transactions, and such transactions are more troublesome than ordinary transactions in tax declaration
at the same time, bitcoin, as a commodity highly similar to currency, needs to meet the demand of anti money laundering. Bitcoin needs to be included in the personal property declaration, banking anti money laundering system, anti insider trading, anti market manipulation and other systems in terms of transaction and possession. Bitcoin exchanges and storage institutions may also need government supervision and licensing. Some fast-growing bitcoin exchanges and payment service providers are actively exploring cooperation with regulatory agencies to bring bitcoin payment into the regulatory framework of anti money laundering and anti-terrorism financing by applying for licenses and actively communicating with regulatory authorities
in Europe, the European Central Bank published a report on "virtual currency architecture", and the French bitcoin trading platform obtained the PSP qualification. On December 6, 2012, the central bank wrote in the report: "this report is the first attempt to provide a basis for discussing the virtual currency system. While these systems may play an active role in financial innovation and in providing consumers with alternative means of payment, they also clearly create risks. " "Because of the small size of virtual currency systems, these risks do not affect anyone other than the users of these systems," the report added The report reviews the history of bitcoin and reviews its basic features, including currency and technical operation.
at the end of June 2013, after the German parliament decided that bitcoin would be tax-free if it was held for more than one year, bitcoin was recognized as a "unit of account" by the German Ministry of finance, which means that bitcoin has been regarded as a legal currency in Germany and can be used to pay taxes and engage in trade activities< In August 2013, judge Amos mazant of Texas District Court ruled in a case of bitcoin virtual hedge fund that bitcoin is a kind of currency and should be included in the scope of financial regulation
legal status
bitcoin can still be considered as legal at present. In the world, bitcoin can be regarded as a virtual commodity and protected by law; If bitcoin cannot be officially recognized as a kind of currency by law, it may bring inconvenience to the businesses and indivials who accept bitcoin in tax declaration, because the businesses who accept bitcoin will be regarded as barter transactions, and such transactions are more troublesome than ordinary transactions in tax declaration
at the same time, bitcoin, as a commodity highly similar to currency, needs to meet the demand of anti money laundering. Bitcoin needs to be included in the personal property declaration, banking anti money laundering system, anti insider trading, anti market manipulation and other systems in terms of transaction and possession. Bitcoin exchanges and storage institutions may also need government supervision and licensing. Some fast-growing bitcoin exchanges and payment service providers are actively exploring cooperation with regulatory agencies to bring bitcoin payment into the regulatory framework of anti money laundering and anti-terrorism financing by applying for licenses and actively communicating with regulatory authorities
in Europe, the European Central Bank published a report on "virtual currency architecture", and the French bitcoin trading platform obtained the PSP qualification. On December 6, 2012, the central bank wrote in the report: "this report is the first attempt to provide a basis for discussing the virtual currency system. While these systems may play an active role in financial innovation and in providing consumers with alternative means of payment, they also clearly create risks. " "Because of the small size of virtual currency systems, these risks do not affect anyone other than the users of these systems," the report added The report reviews the history of bitcoin and reviews its basic features, including currency and technical operation.
2. Caution----------
3. Chain Ke is a money company made by Ji Jun, a cheater. He once cheated countless investors with minimally invasive treasure sharing and various kinds of air currency. Later, he invested in chain Ke ShuoKe and other enterprises in Hainan and continued to sell dog meat. He caught people's greed. Why do you think an enterprise let you make money in vain? Wake up, everyone? Enterprise check Tianyan check his list of dishonesty. How long is the life span of the enterprises that once worked
4. The first thing blockchain solves is the trust cost, which reces the transaction cost. Therefore, many people's concept of blockchain is based on bitcoin. In fact, blockchain technology does not only exist in the network, but also has been slowly integrated into our life
one of the biggest advantages of blockchain is to use advanced "information encryption technology" to verify the authenticity of all online data. Many Internet companies have a large number of confidential data, but in the past few years, they have been frequently attacked by hackers. However, if the fractional system of blockchain can be adopted, the server will not be damaged by man-made attacks and all data will be lost. This is one of the characteristics of blockchain - decentralization, strengthening the data stored in the cloud and ensuring the security of network information
for example, aip.trade, a blockchain music exchange, simply put, as long as you have the usufruct of song or recording right, you can apply to AIP music exchange for song IPO (NSO)
and global circulation trading. The future royalty income of songs used by the music exchange brings musicians and investors together, improves the core pain points of musicians, and kills two birds with one stone: it not only helps musicians to obtain considerable income in advance, solves the problem of "lack of funds" for musicians to issue songs, but also solves the problem of "promotion cost and efficiency" by transforming fans into community fission of investors
in addition, there are many interesting application scenarios, such as entertainment: the combination of games and blockchain will bring us unexpected results. In terms of e-commerce, it can form a decentralized community, and in terms of medical care, it can transform medical information into recognizable structure optimization
the development of blockchain undoubtedly plays a great role in promoting the activities of developing potential markets, ensuring the security of data funds, and transferring offline instries to online ones.
one of the biggest advantages of blockchain is to use advanced "information encryption technology" to verify the authenticity of all online data. Many Internet companies have a large number of confidential data, but in the past few years, they have been frequently attacked by hackers. However, if the fractional system of blockchain can be adopted, the server will not be damaged by man-made attacks and all data will be lost. This is one of the characteristics of blockchain - decentralization, strengthening the data stored in the cloud and ensuring the security of network information
for example, aip.trade, a blockchain music exchange, simply put, as long as you have the usufruct of song or recording right, you can apply to AIP music exchange for song IPO (NSO)
and global circulation trading. The future royalty income of songs used by the music exchange brings musicians and investors together, improves the core pain points of musicians, and kills two birds with one stone: it not only helps musicians to obtain considerable income in advance, solves the problem of "lack of funds" for musicians to issue songs, but also solves the problem of "promotion cost and efficiency" by transforming fans into community fission of investors
in addition, there are many interesting application scenarios, such as entertainment: the combination of games and blockchain will bring us unexpected results. In terms of e-commerce, it can form a decentralized community, and in terms of medical care, it can transform medical information into recognizable structure optimization
the development of blockchain undoubtedly plays a great role in promoting the activities of developing potential markets, ensuring the security of data funds, and transferring offline instries to online ones.
5. Hertz coin has been proved to be a pyramid scheme in China, and it has no relationship with bitcoin, Ruitai coin and Laite coin. What the operators sell is a virtual cloud miner, and the so-called mining is just a cover
most of the coins with cloud mining machine and static and dynamic income are pyramid schemes, which has basically formed a consensus in the coin circle. Moreover, most of the players of this kind of currency don't understand virtual currency and are fooled in.
most of the coins with cloud mining machine and static and dynamic income are pyramid schemes, which has basically formed a consensus in the coin circle. Moreover, most of the players of this kind of currency don't understand virtual currency and are fooled in.
6. European financial thinking has always been relatively advanced, and the laws are sound, so risks can be effectively controlled. Moreover, German laws recognize bitcoin as a "financial tool" rather than a currency, which, to a certain extent, avoids its interference with the existing currency. At the same time, developed countries are aware of the inevitable spread of bitcoin, Bitcoin is proced by cryptography based on hash code algorithm. It exists in all nodes of the network. There is no central issuing institution. The number is fixed at 24 million. It will not collapse or disappear. There will be no counterfeit currency. It can directly realize cross regional one-to-one transactions without the intervention of any intermediary institutions. There are too many advantages that the existing currency can't match; However, Germany is also taking the lead in considering that bitcoin will become a tool for illegal financial activities such as money laundering and drug trafficking, so it is further improving the bitcoin law.
7. It's true. Bitcoin is legal in Germany. Germany is also the first country to recognize the legitimacy of bitcoin. It is normal for Germany to use bitcoin to pay for water and electricity. But it doesn't work at home. Bitcoin is not a currency in China and cannot be used for payment. Bitcoin only exists as a commodity in China
of course, in addition to bitcoin, there are other excellent currencies, such as Ruitai, Laite, doggy and vitality.
of course, in addition to bitcoin, there are other excellent currencies, such as Ruitai, Laite, doggy and vitality.
8. The difference lies in the mechanism. Many issuers of digital currency are basically for the purpose of cutting leeks, and there is no way for the market to reach a certain consensus
the bottom layer of HDU has written down the rules of issuing currency. There is no project party, no operation team, only the maintenance of the technical team. The mechanism is transparent, the credibility is strong, the degree of consensus is high, and the mode is mature.
the bottom layer of HDU has written down the rules of issuing currency. There is no project party, no operation team, only the maintenance of the technical team. The mechanism is transparent, the credibility is strong, the degree of consensus is high, and the mode is mature.
Hot content