Post
Topic
Board Bitcoin Discussion
Re: Israeli court rules Bitcoin an assets and taxable
by
pushups44
on 22/05/2019, 18:56:40 UTC
In a tax settlement case raised by the tax authority of Israel against Noam Copel, founder of blockchain startup DAV, the court ruled bitcoin and cryptocurrency to be considered as an assets and taxable with capital gains tax.

https://www.coindesk.com/israeli-court-rules-bitcoin-is-an-asset-in-feud-over-tax-payment

Would you consider it a good more or a bad one for the future of bitcoin and cryptocurrencies?

This is inevitable if bitcoin is going to be used by the mainstream. In the U.S. more regulatory clarity is needed to draw in institutional investors. Perhaps there should be a de minimis rule allowing the spending of up to $500 as a non-taxable event.