Brussels, 22/10/2015 (Agence Europe) - Operations to exchange traditional currency for the virtual units of currency 'bitcoin' are exempt from VAT, the Court of Justice of the EU concluded in a judgment (case C-264/14) returned on Thursday 22 October.
The 'bitcoin', which was developed anonymously in 2009 and which is constantly increasing in popularity, is used as a unit of account in a payment system specific to the Internet network. Its legal status had not yet been clearly established,...