Top EU Court Says No Tax On Bitcoin

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Top EU Court Says No Tax On Bitcoin
geralt / Pixabay

Bitcoin will be treated just like cash in the EU from now on. A ruling from the EU Court of Justice in Luxembourg on Thursday determined that Bitcoin exchange into currency will not have value added tax applied to it.

Clearing this legal hurdle means that Bitcoin can be exchanged for other currencies at prevailing rates without any taxes, and also opens the door for more financial transactions involving Bitcoin in the future.

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More on Thursday EU court ruling on Bitcoin

The EU Court of Justice in Luxembourg