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On January 24, 2017, a court of Verona (Italy) relied on the European Court of Justice’s decision in Case C‑264/14 to hold that the transactions in which a traditional currency is exchanged for units of Bitcoins and vice versa are “supply of services for consideration” contracts. Indeed,  Bitcoins are given in return for the “payment of a sum equal to the […]

  On October 25, 2015, the European Court of Justice (ECJ) ruled that Bitcoin is like a traditional currency under tax law: the exchange of a tradition currency for Bitcoins is not subject to VAT. Skatteverket v David Hedqvist (Case C‑264/14) The ECJ answered to a request for a preliminary ruling concerning a preliminary decision referred by […]

It is reported that two Bitcoin exchange companies (Texas-based Bitcoin Savings & Trust and Florida-based Cryptsy) have been sued for allegedly buying and selling crypto-currencies using false and misleading claims of easy profits, high returns, and little risk. According to the complaints, the companies used deceptive and misleading tactics, such as claims of weekly profits of 7% […]

In Portugal, Europe, the Bank of Portugal issued an official warning on 03/10/2014 concerning the risks of virtual currency, like bitcoin. The Portuguese supervisor highlights the risks of the virtual money, considered unsafe, underlining that it is not regulated nor supervised by any national or European authority of the financial system. With the first bitcoin ATM […]

Merchants may soon be able to accept payment in bitcoin through Paypal. The system should operate via Braintree platform (Braintree was bought last here by Ebay – which also owns Paypal – for $800 million) Read more at http://www.bloomberg… Follow us on& Like us on       

Bitcoin is a virtual currency (or crypto-currency) having an equivalent value in real currency (but with great fluctuation) not backed by any country’s central bank or government. The origin of the currency are uncertain and related back to late 2008/early 2009. See more at Man said to create bitcoin denies it; Bitcoin: A Peer-to-Peer Electronic […]

Bitcoin is a virtual currency (or crypto-currency) having an equivalent value in real currency (but with great fluctuation) not backed by any country’s central bank or government. The origin of the currency are uncertain and related back to late 2008/early 2009. See more at Man said to create bitcoin denies it; Bitcoin: A Peer-to-Peer Electronic Cash System; Wikipedia. […]

  On June 6, 2019, the Republic of San Marino approved the Blockchain Decree of the Republic of San Marino (Delegate Decree n. 86, dated May 23, 2019). No official press statement has been released yet, but this source revealed the news. The Blockchain Decree provides a regulatory framework formulating specific rules for two different […]

On October 3, 2018, the European Parliament published a resolution on distributed ledger technologies (DLTs) and blockchain. DLTs and blockchain are the technologies behind bitcoin and other crypto currencies, and basically consist in a ledger of digital information maintained in decentralised form across a large network of computers. See here for more information. The EU […]

On October 16, 2018, the European Union Blockchain Observatory and Forum published a thematic report on the Blockchain and the GDPR (“Report”). The report includes the input of a number of different stakeholders and sources. The report aims at answering the question of whether GDPR compliant blockchain is possible. The paper highlights a fundamental point: […]