Tuesday, August 20, 2013
Germany to tax Bitcoins, but how will they know who has them?
[ Mon, 19 Aug 2013 22:52:24 GMT ]
The German Finance Ministry has declared that the virtual currency Bitcoin counts as a "unit of account," making it akin to (but still not quite like) other assets — particularly in that it can now be taxed. But there's a problem: since Bitcoin is anonymous, how will they know who to tax?
[ Mon, 19 Aug 2013 22:52:24 GMT ]
The German Finance Ministry has declared that the virtual currency Bitcoin counts as a "unit of account," making it akin to (but still not quite like) other assets — particularly in that it can now be taxed. But there's a problem: since Bitcoin is anonymous, how will they know who to tax?
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