Canada puts forward recommendations on Bitcoin regulation

  Canada’s Standing Senate Committee on Banking, Trade and Commerce published a report on the 19th June. It outlined 8 recommendations on dealing with Bitcoin on a regulatory level. The specific recommendations to the Federal...

ECJ General Advocate states that Bitcoin should be VAT exempt

Today, General Advocate Juliane Kokott stated in her Opinion to the ECJ regarding the Hedqvist v Skatteverket case that Bitcoin and digital currencies should not be subject to VAT. The provision of an exchange service...

Clarification of tax position for mining – Sweden

Disclaimer: Before applying these rules to your own circumstances or act upon the information contained here, please seek information from your accountant, tax advisor, legal representative or the Swedish Tax Authority. The Swedish Tax Authority...

Licensing of digital currency businesses – Update – California

  On the 27th April 2015 the California Committee on Banking and Finance approved the AB-1326 bill which regulates decentralised digital currencies such as Bitcoin. The legislation is pending further approval by the California State floor....

European Court of Justice rules that Bitcoin is VAT exempt.

Following the appeal of David Hedqvist against the decision of the Swedish Tax Authority (Skatterverket) to tax Bitcoin transactions, the European Court of Justice (ECJ) have ruled that such transactions should be; "exempt from VAT...