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bitcoin, blockchain, cryptocurrency, israel, step, support -

In terms of technological innovation, Israel has been labeled by some as “The Startup Nation” with Israeli ventures raising over $5 billion in capital in 2017. This is almost 10% of China’s yearly fundraising total. While there’s a number of popular applications, platforms, and products including USB flash drives, the Waze navigation app, SodaStream carbonation machines, the country has set its foot in the crypto industry as well. Back in 2017, Hapoalim, Israel’s largest bank, partnered with Microsoft to create a Blockchain-powered platform to “make the process of signing up guarantors simple and quicker.” And in February 2018, the Israeli Tax Authority (ITA) stated that cryptocurrencies will be taxed by the capital...

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A mooted Bitcoin Embassy is the first of its kind, since an early attempt in New York City, for a bitcoin gathering place. It was American Institute for Economic Research (AIER) Editorial Director Jeffrey Tucker who had a revelation of sorts to establish a Bitcoin Embassy in the United States. The idea is to bring cryptocurrency enthusiasts together. Promising a welcoming environment staffed by people who can help with wallet recovery, other folks who’re curious about a new technology, seminars, and even a place for Dilly Dilly and wine, this could be the start of something big. Sponsored   Bitcoin...

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bitcoin, confirms, currency, government, israel, property, tax -

Israel's government confirmed Monday that it would treat bitcoin and other cryptocurrencies as a kind of property for tax purposes. The notice confirms past indications that the Tax Authority will regard cryptocurrencies as "a property, not a currency", making it therefore taxable as such. The Authority's position was first detailed in a draft circular issued in January of this year. The circular explains that profits from cryptocurrencies will be subject to capital gains tax at rates between twenty percent and twenty-five percent, while individuals mining or trading cryptocurrencies in connection with businesses must pay a seventeen percent value-added tax (VAT) in addition to capital...

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