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Bitcoin Now Legal Unit of Currency in Germany

September 5th, 2013 by Keith

The German Finance Ministry has recently recognized the online currency bitcoin as a legal unit of currency.  The move improves the virtual currency’s image, and may be considered a necessary step in the acceptance of this new currency.  This link details this recent news item.

Also, Canada regulators have recently taken a lighter view of the bitcoin currency as reported by Jeremy Kirk in the IDG News Service who reported “Canada’s lighter view of bitcoin could make it easier for fledgling bitcoin startups, which would be saved the expense of meeting government reporting requirements”.

CSS has been intimately involved in a key aspect of bitcoin technology development.  Engineers at www.atoledo.com CSS developed the advanced custom chip  that can be used for bitcoin mining.  The chip, which contains over 100 million transistors, was designed in 65nm digital technology by engineers at CSS.  The CSS engineers hand crafted the ASIC to achieve the optimum in speed, power and size.  Each chip is capable of performing 3 G-Hash/sec at about 10 watts.  This is the worlds fastest and most efficient ASIC for bitcoin mining available today.


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