Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin

bit2Big > Bitcoin News > 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.

Bit2Big

Bit2big offers global digital finance solutions based on blockchain, cryptocurrency investments and blockchain services.

With a presence in Switzerland, Nigeria, Rwanda and Uganda we are driving the adoption of blockchain technologies in the east and west Africa.

Transformative, empowering, progressive and integral. At Bit2big we believe in ownership, financial stability and having control over your future.

News

Crypto and blockchain: it’s time to put the phenomenon vs fad debate to bed
April 18, 2021By
A year into Covid, Durban’s beachfront farmers are still tilling the soil
March 28, 2021By
Editorial: Whistleblowers need our protection
March 28, 2021By

Recent Cases

Related Posts

Leave a Reply