Israeli Court Rules Bitcoin Is an Asset

An Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing the central bank’s definition of currency.

Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request

Original source
https://news.bitcoin.com/israeli-court-bitcoin-asset/

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