++++Germany Says Bitcoin 'Private Money' and subject to tax++++ - TopicsExpress

++++Germany Says Bitcoin 'Private Money' and subject to tax++++ The German government has declared bitcoin a "unit of account," making it a kind of "private money" that is subject to taxation.According to local newspaper Frankfurter Allgemeine Zeitung, the finance ministry has declared that because bitcoin is a unit of account, mining the currency is a form of "money creation".This means that bitcoins...read more: financialtechnologyafrica/top-story/1122/germany-says-bitcoin-private-money-and-subject-to-tax/

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