European Exchanges React to Bitcoin VAT Exemption

By October 24, 2015Bitcoin Business

EU flags Earlier this week, the European Court of Justice decided to exempt bitcoin transactions from Value Added Tax (VAT).

In so doing, the court effectively recognized bitcoin as a legitimate means of payment in Europe, putting it in the same realm as other currencies for tax purposes.

The ruling comes months after court advocate general Juliane Kokott said the court should refrain from applying tax to bitcoin sales and purchases in an opinion published in […]

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