A Small Bit of Bitcoin News

A Small Bit of Bitcoin News

In what Bloomberg called a “boost” for Bitcoin, the European Court of Justice ruled this fall that the virtual currency and other cryptocurrencies can be exchanged tax-free.

The favorable decision that permits Bitcoin to be exempt from the value-added tax came after a dispute between Sweden’s tax authority and Bitcoin forum operator Daniel Hedqvist.

According to Simon Dixon, CEO of Bnktothefuture.com, this “very good news” means that Bitcoin will not be an “inferior currency to other currencies” and that it can “free flow.” The tax-free status could make the cryptocurrency, even more, attractive to potential users.

For more on the beginnings of Bitcoin and its potential future, download LLM, Inc.’s white paper.

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