Virtual Heads Or Tails: EU Says Bitcoin Is Currency For Tax Purposes While US Disagrees

By October 23, 2015Bitcoin Business

Bitcoin is money.

That was the gist of a ruling this week from the European Court of Justice (ECJ), the highest court in Europe . The ruling was in response to a dispute originally filed in Sweden. In the case, Skatteverket (Swedish Tax Agency) v. David Hedqvist , the ECJ was asked to rule on whether transactions to exchange a traditional currency for bitcoin (or vice versa) would subject to value added tax (VAT). The […]

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