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authorChristian Grothoff <christian@grothoff.org>2016-10-25 14:21:53 +0200
committerChristian Grothoff <christian@grothoff.org>2016-10-25 14:21:53 +0200
commit51c04bd7d6686b72ab6bbbe45e3ae50340acbb87 (patch)
tree2c13cf3a8a1eefb34546876211304b18f363c7e3 /doc/paper/taler.tex
parent8dfe55890983a34c4d965526fab0d83daf66bb56 (diff)
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@@ -411,7 +411,7 @@ sharing control is {\bf not} considered a {\em transaction} and thus
{\bf not} recorded for taxation. Taler does, however, ensure
taxability when a merchant entity acquires exclusive control over the
value represented by a digital coins. For such transactions, the state
-can obtain information from the exchange, or a bank, that identifies
+can obtain information from the exchange that identifies
the entity that received the digital coins as well as the exact value
of those coins. Taler also allows the exchange, and hence the state,
to learn the value of digital coins withdrawn by a customer---but not