Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New Law

Israeli Lawmakers Plan to Exempt Bitcoin From Capital Gains Tax in Draft New LawIsraeli lawmakers have proposed in a draft new law to treat bitcoin as a currency instead of an asset for tax purposes, local media reported. According to a report from Globes, four legislators from the Yisrael Beiteinu political party presented the Income Tax Ordinance (Taxation of the Sale of Digital Currencies) bill in the Israeli […]

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Number of Israeli Blockchain Companies Grew by 32% in 2019

Number of Israeli Blockchain Companies Grew by 32% in 2019Despite the harsh market conditions this year, high profile closures of a few ventures and a lot of employee downsizing, the number of companies operating in the blockchain and cryptocurrency fields in Israel actually grew by 32% in 2019. Also Read: Bankrupt DX Exchange Didn’t Pay Israeli Suppliers and Employees Israeli Blockchain Industry Survives Crypto […]

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Draft Law Requires Israeli Firms to Report on Clients’ Crypto Activites

Draft Law Requires Israeli Firms to Report on Clients' Crypto ActivitesThe Israeli Ministry of Finance has published draft prohibiting money laundering regulations with provisions specifically pertaining to virtual currencies. The proposed regulations will also introduce a suite of new reporting requirements for financial service providers, including strict conditions regarding the cryptocurrency activities of clients. Also Read: South Korean Exchange Bithumb Blocks Trading in 11 Countries Israeli […]

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