New EU Legislation on VAT Could Be Bad News for Bitcoin

By February 4, 2015Bitcoin Business

EU VAT forms Although it seems to have largely gone unnoticed, the European Union introduced new Value Added Tax (VAT) laws on 1st January this year.

As a consequence of this legislation, companies selling electronic goods or services to customers within the EU are now legally required to record the country of residence of their customers, which – according to some – spells bad news for bitcoin.

The new legislation was put in place to make sure that VAT is […]

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