Top EU Court Rules Bitcoin Exchange Tax-Free in Europe

October 22, 2015 4:42 PM

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Top EU Court Rules Bitcoin Exchange Tax-Free in Europe

The EU's top court ruled Thursday that the exchange of Bitcoin and other virtual currencies should be treated just like traditional money in Europe and not incur any sales tax.

According to European Union law, all transactions relating to currency, bank notes and coins used as legal tender across the 28-nation bloc are exempt from value-added tax (VAT).

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