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Bitcoin Exempt from VAT Rules EU Court

Bitcoin Exempt from VAT Rules EU Court

TheNearlyDailyBitcoin - Bitcoin Exempt from VAT Rules EU CourtThe European Court of Justice has ruled that Bitcoin is exempt from VAT (a type of sales tax) in the European Union (“EU”).

This is big news in that it puts European Bitcoin Exchanges and businesses that accept Bitcoin on “… a level playing field with fiat currency which may be essential for the growth of bitcoin adoption, its community and businesses”, as noted by Bitcoin Vox.

We Agree!

Clint

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