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YEM is treated as legal tender when used for payments.
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In February 2018, the German Federal Ministry of Finance (BMF) sent a circular letter to all tax authorities (III C 3 - S 7160-b/13/10001), which regulates the treatment of virtual currencies. The BMF clarifies:

"Virtual currencies are treated as legal tender, provided that these so-called virtual currencies have been accepted by the parties involved in the transaction as an alternative contractual and direct means of payment and do not serve any purpose other than their use as means of payment."

As the YEM fulfills all these requirements, it is treated as legal tender when used for payments within the European Union.

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