Virtual currency (bitcoin) exchanges for traditional currencies are VAT-exempt

Virtual currency (bitcoin) exchanges for traditional currencies are VAT-exempt

The Court of Justice of the European Unio (CJEU) ruled on October 22, 2015 in case C-264/14 that transactions to exchange bitcoins for traditional currencies, in the meaning of Council Directive 2006/112/EU (the “VAT Directive”), are tantamount to

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