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Is bitcoin legal in Germany and Brazil?

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  • Is bitcoin legal in Germany and Brazil?

    According to my survey, I have found Bitcoin as legal in several countries like US, Japan, Australia, Germany, Brazil, Turkey, South Korea, Malta, Vietnam etc,..

    Germany :

    In August 2013, the finance ministry of Germany stated that the bitcoin can be represented as the unit of account which can be used for the tax and trading in the country. And another important rule is that any transactions or purchase made with bitcoin must process VAT as similar to fiat currency.

    Brazil :

    In late 2014, the biggest bank of Brazil discouraged the use of bitcoin and cryptocurrency mainly due to the operational risks. But later in 2017, this statement had been reversed by the central bank of Brazil and now the cryptocurrencies are legal in the country.

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