Cryptocurrency legal in Austria
Cryptocurrency being digital currency based on blockchain is an only solution to the devalue of fiat currency. All developed countries are well aware of this aspect due to which they have started adopting Cryptocurrencies. Latest of these Countries is Austria which has now formally allowed Buy/Sell of over 400 Cryptocurrencies (Bitcoin, Ethereum, Ripple, Bitcoin Cash, IOTA, Litecoin etc). If you are living in Austria, you can easily Buy/Sell any Cryptocurrency without fear of Government restrictions.
Vienna based Crypto exchange Bitpanda, which is also a leading Crypto exchange in Europe are allowing Buy/Sell of Cryptoexchanges through 50, 100 and 500 Euros of fiat currency. Customers can enter their postal codes to locate nearest Bitpanda exchange outlet. They have established more than 240 outlets in Vienna so as to facilitate customers.
All customers merely require email ID and can visit nearest outlet of Bitpanda to Buy their favorite Cryptocurrency. They can pay cash and can receive digital currency directly into their digital wallets.
The reason of this change by the Austrian authorities is that, they are planning to focus on expanding their financial services for their customers to stay in the mainstream of better earnings. Such initiative of allowing Cryptocurrencies by the Governments will be beneficial for stable economy and I must recommend other Countries to take the initiative in order to gain maximum out of Cryptocurrencies which are based on Blockchain technology.
Nice read here. Still you have to consider that taxation is still a very real thing.
I second you brother but I feel inflation is being caused because of fiat currency. Price of Bitcoin in 2010 was nearly 1 USD and in nearly 8 years it reached peak of 20000 USD. so I think tax is good for investors trading in cryptocurrency because it has future however fiat currency is moving towards devalue which is not at all suitable for potential investors.
Investors don't necessarily hold insane amounts of FIAT. They can buy into real estate instead of crypto for example.
Yes you are right, real estate is a good adoptable business but it varies from place to place. Posh area would have high prices whereas others would have low. Even it takes years to get the capital back. On the other side, Crypto market is volatile. It has huge risks but at the same time it had high gains too. All you need to do is to understand the UPs and DOWNs of Crypto market.
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