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A comment on German parliament passes bill allowing banks to sell and store cryptocurrencies. Parent comment

Re:German parliament passes bill allowing banks to sell and ... by squiggleblaz on Friday November 29, 2019 @09:10AM (#21664460)
Yes, but a person who exchanges using cryptocurrency has to pay taxes in euros to the German government, so you cannot escape. Every transaction in Germany binds you to the central bank.

This is also true of exchanging five eggs for some butter, so anyone who thought a new currency would somehow exempt them from tax laws (and the currency in which the tax is denominated) was always foolish.

[ Parent | on HN ]
Re:German parliament passes bill allowing banks to sell and ... by C14L on Friday November 29, 2019 @11:31AM (#21665253)
Yes. But this is only the start of the journey.

Maybe in a decade or three, it will be possible to pay taxes in a cryptocurrenty too.

For now, we should be careful and observe as the technology evolves and the impact of cryptocurrencies on markets and society increases.

[ Parent | on HN ]