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European Courts Give Bitcoins Currency Status and Make it VAT Exempt
On 22nd October, the EU court undertook the decision to classify cryptocurrencies, including bitcoins, as that of usual currencies and therefore VAT exempt. This court decision defacto equates cryptocurrencies to other standard currencies. The whole idea of the decision is to make transactions involving bitcoins the same as operations which involve existing standard currencies.
Source:: European Courts Give Bitcoins Currency Status and Make it VAT Exempt