A new Israeli draft proposes exempting Bitcoin from taxation

A new proposal by the Israeli lawmakers might have a massive impact on Bitcoin, as the recent draft proposed to start treating the coin as a currency. If the proposal ends up becoming law, Bitcoin will officially be exempt from tax purposes. Israeli legislators propose exempting BTC from capital gains tax A recent report published by Globes revealed that as many as four legislators from the Yisrael Beiteinu party recently presented a new bill called the Income Tax Ordinance, which aims to introduce changes to the taxation of cryptocurrency. The bill was presented to the country’s parliament only a few