Bitcoin exchange agreements must comply with consumer protection rules, Italian court holds
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 difference between, on the one hand, the price paid by the operator to purchase the currency and, on the other hand, the price Read more [...]