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Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bi...
News

Israeli Draft Bill Would Nix Hefty Capital Gains Taxes on Bitcoin


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


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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: CoinDesk.com

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