Overview
European Commission Answers Cryptocurrency Taxation Question: In response to a question submitted regarding whether cryptocurrency trading would potentially be subject to the EU’s proposed financial transaction tax, Vice-President Dombrovskis on behalf of the European Commission, responded that whether “crypto-currency trading meets the definition of financial transactions in this proposal requires a case-by-case analysis of crypto-currency transactions and in particular whether they amount to the purchase, sale or exchange of a financial instrument or the conclusion of a derivatives contract.”