The German Federal Ministry of Finances considers Bitcoin as tax-exempt so long as it is used as a means of payment, Cointelegraph auf Deutsch reported Thursday, March 1.

The German federal authority published its decision to not subject purchases with Bitcoin and other cryptocurrency to taxes on Feb. 27, citing the European Court’s 2015 decision, which set a precedent for all members of the European Union.

"On behalf of the Association of Tour Operators in Russia (ATOR) and its members, we express our sincere gratitude and honour for the productive and effective activity to strengthen the relations between Bulgaria and Russia in the sphere of tourism".

This is announced in a letter from ATOR to the Minister of Tourism Nikolina Angelkova.