Bitcoin Dublin Message Board › Bitcoin legal status in Ireland

Bitcoin legal status in Ireland

MichaƂ R.
user 113033742
Katowice, PL
Post #: 2
Hi All,

I was looking for some information on legality of Bitcoin usage in Ireland, but there's not much to be found. I would be delighted to hear about any official rulings on Bitcoin if anyone is aware should such rulings exist. The most pressing issue seems to be whether exchanging BTC for Euros or vice versa is subject to VAT and if company doing so is required to comply with any specific regulations.

Best regards,
M
Alan D.
user 101441302
Dublin, IE
Post #: 3
Hi,

A transaction is subject to vat at the applicable rate based on the exchange rate to Euro of when the transaction was completed.
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