The European Court of Justice ruled on Thursday that Bitcoin and other virtual currencies can be exchanged tax-free, reports Bloomberg. The order follows a dispute in Sweden that arose last June between the nation’s tax authority and Bitcoin forum operator Daniel Hedqvist over whether cryptocurrencies should be granted tax-free status in the country. In July, the court’s Advocate General said in an opinion document that Bitcoin operations should be exempt from Value Added Tax (VAT). ➤ EU’s Top Court Rules That Bitcoin Exchange Is Tax-Free [Bloomberg]
Bitcoin is officially tax-free in Europe
More of Today's Solutions
Europe removed a record 602 river barriers last year
BY THE OPTIMIST DAILY EDITORIAL TEAM A dam fell in Iceland last December, the first the country has ever deliberately dismantled. The structure on ...
Read MoreThis ultrasonic espresso method uses 75 percent less energy and tastes just a...
BY THE OPTIMIST DAILY EDITORIAL TEAM So many of us participate in the same morning coffee ritual: the machine warming up, the pressure building, ...
Read MoreMexico’s tequila fish brought back from the brink of extinction
Mexico’s tiny tequila splitfin fish was once a common inhabitant in the country’s Teuchitlán river in the western part of the country. But due ...
Read MoreHow Bogotá is tackling air pollution by greening its poorest neighborhoods
BY THE OPTIMIST DAILY EDITORIAL TEAM In Bogotá, Colombia’s bustling capital, the battle against air pollution isn’t just about cleaner skies. It’s about equity. ...
Read More
