Good News For Bitcoin Punters

European Court of Justice ruling says virtual currency is exempt from VAT in Europe

Online punters and other users of the virtual currency Bitcoin will be pleased to hear that the European Court of Justice has ruled that Bitcoin is to be treated in Europe in the same way as traditional fiat currencies, and is exempted from value added tax.
The Court found this week that cyber-currency transactions buying and selling Bitcoin are no different to those involving other accepted legal tender, and that in terms of European Union law such transactions are exempt from VAT across the 28-nation Union.
The case was considered by the Court at the request of Swedish authorities following the Hedqvist case, in which an internet forum moderator applied to offer Bitcoin transactions on his website, but disputed the government's claim that VAT be levied.
Speaking to Bloomberg business news after the ruling, Hedqvist observed that the Court's decision was important for European businesses in general to have clarity regarding VAT.
As news of the court's recognition of Bitcoin as a pure payment method became more widely known, the value of the cyber currency spiked significantly to $280.

Online Casino News Courtesy of Infopowa

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Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
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