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Bitcoin Exempt From VAT
Friday October 23,2015 : GOOD NEW FOR BITCOIN PUNTERS
European Court of Justice ruling says virtual currency is exempt from VAT in Europe.
Online punters and other users of the virtual currency Bitcoin will be pleased to hear that the European Court of Justice has ruled that Bitcoin is to be treated in Europe in the same way as traditional fiat currencies, and is exempted from value added tax.
The Court found this week that cyber-currency transactions buying and selling Bitcoin are no different to those involving other accepted legal tender, and that in terms of European Union law such transactions are exempt from VAT across the 28-nation Union.
The case was considered by the Court at the request of Swedish authorities following the Hedqvist case, in which an internet forum moderator applied to offer Bitcoin transactions on his website, but disputed the government's claim that VAT be levied.
Speaking to Bloomberg business news after the ruling, Hedqvist observed that the Court's decision was important for European businesses in general to have clarity regarding VAT.
As news of the court's recognition of Bitcoin as a pure payment method became more widely known, the value of the cyber currency spiked significantly to $280.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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