EU Court Advisor Says, “Bitcoin Should be Exempt from VAT.” – Bitcoints

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Published on July 21st, 2015 | by bitcoin

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EU Court Advisor Says, “Bitcoin Should be Exempt from VAT.”

The entrepreneur had all rights to require legislation as at that time he was planning to launch a bitcoin exchange.
And despite the fact that digital currencies were supposed to be regulated, it took almost three years to get an answer.
The inquiry was transferred to the European Court and only on July 16, 2015 the final response came.
The legal advisor of the Court stated that digital currencies should be exempted from VAT.
Although the Court hasn’t officially confirmed the decision, it’s more than likely that it will follow the advice of its attorney general.

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