This is silly - 'The presiding judge, Shmuel Bornstein, made the point in his arguments that bitcoin as a cryptocurrency could cease to exist and be replaced by another digital currency. Hence, it cannot be considered a currency, especially for tax purposes.'
Plenty of 'legitimate' currencies have disappeared and been replaced too.
Anyway, in the UK foreign currency profits are taxable as capital gains. They've chosen to treat crypto as a foreign currency. He's made a fucking massive profit. I would expect to be taxed on it.
Topic: Israeli court rules Bitcoin an assets and taxable - page 2. (Read 336 times)
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?
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?
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