The European Court of Justice has handed down the ruling that Bitcoin will be handled in the same way as traditional currencies with exemption from value added tax.
The court found that Bitcoin transactions are no different than those involving any other currency.
The case made its way to court per the request of Swedish authorities after the Hedqvist case, which involved an online forum moderator’s application to offer Bitcoin transactions yet disputed the assessment of VAT.
Since the new broke regarding the court’s decision, the value of Bitcoin has increased to $280 at the time this article was written.
No VAT for Bitcoin
Back
Gambling Law & Society News
Bitcoin & Crypto News
Back to articles
Was this article helpful?
Your Feedback
Please enter your comment.
Your comment is added.
Member's feedback (3)
All Article Categories
- General Gambling News (6829)
- Casino Games (5534)
- Gambling Law & Society News (3482)
- Casino Software (3040)
- Tournaments, Promos & Bonuses (1373)
- LCB News (951)
- Sports Events (835)
- Land Based Casino News (631)
- Casino Banking (294)
- Bitcoin & Crypto News (281)
- From the Players for the Players (166)
- Casino Warnings & Rogue Reports (109)
- LCB Monthly News Reports (87)
- Upcoming new casinos (73)
- LCB Approved Casinos (33)
- Sportsbook Sponsorship (27)
- Predatory Terms (15)
- Upcoming Sporting Events (4)
- Live Sports Betting (1)
Vanenhox 8 years ago
Where does the value behind bitcoin reside? I am confused I know that various governments back the value of their currency by a guarantee that the notes will be backed by the treasury of any given country. But Bitcoin was born in cyberspace in some kind of esoteric techy mining the internet scheme....what gives? I admit...
Where does the value behind bitcoin reside? I am confused I know that various governments back the value of their currency by a guarantee that the notes will be backed by the treasury of any given country. But Bitcoin was born in cyberspace in some kind of esoteric techy mining the internet scheme....what gives? I admit my knowledge about how all this works is dreadful, but a neat little laymans explanation of how this currency is just as legitimate would be appreciated. thanks...
Show morePlease enter your comment.
Your comment is added.
jade 8 years ago
Sure this is good for Bitcoin, I think. But, Bitcoin isn't the same as traditional currencies. If it was, I don't think it would be something that US players could use at online casinos. It is good that other governments think that it is and maybe it will be someday. Until then, I am grateful that it is here and it is what...
Sure this is good for Bitcoin, I think. But, Bitcoin isn't the same as traditional currencies. If it was, I don't think it would be something that US players could use at online casinos. It is good that other governments think that it is and maybe it will be someday. Until then, I am grateful that it is here and it is what it is. Make sense?
Show morePlease enter your comment.
Your comment is added.
iDark 8 years ago
Nice info for bitcoin, as a currency and also for this product users. No vat taxes means, flexibility remains and that's the main fact, why there are so many fans of this currency, all over the world. Trust, fast, safe and minimum cost. The best conditions to remain popular for BitCoin users.
Please enter your comment.
Your comment is added.