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Israeli draft bill introduced to abolish capital gains taxes on Bitcoin

Israeli draft bill introduced to abolish capital gains taxes on Bitcoin

Members from nationalist Yisrael Beiteinu party presented a draft bill that would abolish Israel’s 25% capital gains tax on bitcoin by redefining it as currency, instead of asset. This would apply to cryptocurrencies having wide issuance network, $288mn market cap and having independent origin. Bitcoin meets these criteria, as per Oded Forer, Evgeny Sova, Yulia Malinovsky and Alex Kushnir.

Milan
Milan
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