Home / Blockchain / Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin

Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin

Israeli bitcoiners take note: a handful of Knesset members are seeking to ease Israel’s hefty taxation of cryptocurrencies.

Four Knesset members from the nationalist Yisrael Beiteinu party on Tuesday introduced a draft bill that would effectively end Israel’s 25% capital gains tax on bitcoin by redefining certain “distributed digital currencies” as currency, instead of a taxable asset.


Source link

Check Also

Coinbase Senior Software Engineer Left This Week, Unclear If Departure Linked to New Policy

Andrei Anisimov, whose LInkedIn profile still describes him as a “Senior Software Engineer” at Coinbase, ...

Leave a Comment:

Your email address will not be published. Required fields are marked *