The European Court of Justice will rule if bitcoin transactions are subject to its value-added tax rules (VAT).
This October, the economies of the members of the European Union (EU) will be accounting for payments from criminal activities.
In an effort to make payment transactions smoother between countries, the European Union had set a deadline for businesses to migrate their payment systems over to SEPA credit transfer (SCT) and SEPA direct debit systems, as opposed to the fractured, country by country system they currently rely on.
