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 Latest Court Ruling on Nature of Bitcoin An Israeli central district court reportedly ruled in favor of the country’s tax authority Monday, recognizing bitcoin as a financial asset and not a…
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Israeli Court Rules Bitcoin Is an Asset

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