Global Cryptocurrency Regulations Vol 1: 'EU'

The spread of cryptocurrencies in the European Union (EU) began in the latter half of the 2010s.

Until then, it was known only among a few as electronic money, and was viewed suspiciously, especially after incidents like the Mt.Gox affair. However, the situation dramatically changed in 2015 when the European Court of Justice ruled that 'Bitcoin transactions are not subject to VAT (Value Added Tax)'. This ruling essentially recognized Bitcoin as a legitimate means of payment within the EU.

Following the Mt.Gox incident, the price of Bitcoin, which had been stagnant, began to rise, leading to widespread adoption within the EU. However, the EU faced unique challenges that demanded immediate action. As of 2025, the EU consists of 27 member countries, each with significantly different attitudes towards cryptocurrency regulation, which has posed a problem.