The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. This report argues that the recent ruling by the European Court of Justice , that Bitcoin and other digital currencies ought to be exempt from VAT , will cause the use of digital currency to become more widespread across Europe . It suggests that the VAT ruling may act as a ' tipping point ' for consumers and merchants , and that the momentum of digital currency will grow as their tax exempt status becomes more widely known .
This report argues that the recent ruling by the European Court of Justice , that Bitcoin and other digital currencies ought to be exempt from VAT , will cause the use of digital currency to become more widespread across Europe . It suggests that the VAT ruling may act as a ' tipping point ' for consumers and merchants , and that the momentum of digital currency will grow as their tax exempt status becomes more widely known .