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Bitcoin now 'unit of account' in Germany - http://tldr.io/tldrs/5213562f31d3cc4544002296/bitcoin-now-uni...
Germany's ministry of finance has formally recognised the digital currency Bitcoin as a "unit of account" which can be used for private transactions. However, companies wanting to use it for commercial transactions would need permission from the Federal Financial Supervision Authority. Germany's move does mean that people who have speculated in the online cryptocurrency could be liable for capital gains taxes. One key problem would be identifying when users have carried out such transactions, given that Bitcoin wallets are effectively anonymous. Read complete article ‎· silpol
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