The ruling is a setback for crypto entrepreneur Noam Copel, who will now have to pay tax on $830,000 in profits he made by selling bitcoin.
Israel News
Israel is a Middle Eastern country that declared independence in 1948. Israel is a representative democracy with developed political institutions and socio-economic structures. Israel is often considered to be the most advanced country in Middle East in industrial, technological and economic development. The leading exports of Israel are software, machinery, chemicals, textiles and agriculture. Israel is a platform for various blockchain startups. As technology adoption in Israel is fast, a lot of the population is actively using cryptocurrencies to trade, invest in ICOs and purchase goods and services. Considering these aforementioned factors, Israel’s tax authority has issued statements on cryptocurrency regulations. Cryptocurrency is not considered to be under the legal definition of currency and is taxed like a taxable asset. Miners and traders of cryptocurrencies are treated as businesses and are a part of those taxing regulations.
- News
- News
Israeli police and the United States Federal Bureau of Investigation have arrested at least two men and reported others.
- News
Ant Financial has participated in a $10 million Series A round and partnered with QEDIT.
- News
The District of Arizona Attorney is seeking to retain a defendant in custody in a case of allegedly shadow banking in custody as they are concerned he could fle...
- News
The U.S. Attorney for the Southern District of New York has charged an Arizona man and Israeli woman for allegedly shadow banking cryptocurrency companies.
- News
The militant arm of Hamas is reportedly using increasingly complex measures to frustrate authorities’ attempts to track the flow of its cryptocurrency financing...
- News
The Technion has filed a civil suit against a faculty member for allegedly profiting from the technology he developed while working at the institute.
- News
An indictment has been filed against Afek Zard in Israel over the alleged theft of 74.990.74 Dash from his roommate.
- News
ZenGo uses new forms of transaction signing to simplify the crypto experience for non-technical new crypto users
- News
Blockchain smartphone startup Sirin Labs laid off a quarter of its workforce.
- News
Israeli cryptocurrency mining firm Bitfarms will reportedly be delisted from the Tel Aviv Stock Exchange due to losses incurred during last year’s bear market.
- News
by Ana Berman
Singapore-based exchange KuCoin partners with payment processor Simplex to allow users to purchase crypto with credit cards.
- News
According to a cybersecurity company, Israeli fintech companies are being targeted by malware.
- News
A judge in Tel Aviv has delivered a mixed verdict as part of a case involving Israminers and Union Bank.
- News
The Marshall Islands’ government upcoming digital currency still needs work in order to placate U.S. financial regulators.
Editor’s Choice
- Bitcoin Holds Over $8,000 as Top Altcoins See Minor Losses
- Major Swiss Telecoms Firm Swisscom to Distribute Tokenized Artwork
- Research: ICO Sector Signals Uptick After Crypto Winter
- Facebook in Talks With Coinbase, Winklevoss’ Gemini to Launch Its Globalcoin: FT Report
- Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 24