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 suggests 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 currencies to become more widespread across Europe. It argues that the VAT ruling may act as a 'tipping point' for consumers and merchants, and that the momentum of digital currencies will grow as their tax exempt status becomes more widely known.