Germany Recognized Bitcoin as the Equivalent of Money

German authorities decided to legalize cryptocurrencies on their territory starting in March 2018. In addition, Bitcoin was recognized in Germany as an official means of payment. Among the features of using this cryptocurrency as a payment method for goods and services, another innovation was introduced: all purchase and sale operations for goods using bitcoin will not be taxed. This step should become a precedent for other countries in the European Union, and investors should react positively to this kind of news. Below is the list of 10 countries that have recognized Bitcoin as a payment method:

1. Estonia
2. United States
3. Denmark
4. Sweden
5. South Korea
6. Netherlands
7. Finland
8. Canada
9. United Kingdom
10. Australia

  Conclusion: More and more countries are beginning to recognize Bitcoin as a payment method, which will ultimately increase interest from investors; in turn, this will lead to an increase in the Bitcoin price. A similar situation could also happen this spring, as it did last year, when the price moved from 1200$ to 5000$ in a short period of time. 

The TRADING.md team does not in any way encourage you to invest in assets that are unfamiliar to you. This article is provided for informational purposes only and represents our own view of the market. To better understand what activities on the cryptocurrency market involve, you can request a free consultation online or at the office.