On October 22, 2015, the Court of Justice of the European Union (CJEU) rendered its judgment in the case of Skatteverket v. Hedqvist. In this important decision the CJEU sheds light on the value added tax (VAT) aspects of the use of bitcoins. Supplying bitcoins (or better, paying with bitcoins) does not constitute a VAT taxable service, so paying with bitcoins is not a barter transaction. The mere exchange of bitcoins into traditional currency (or vice versa) also remains outside the scope of VAT. The exchange service is VAT exempt.