Express

Israeli Bitcoin Investors Unable to Pay Taxes as Banks Refuse Cryptos

May Arjomand

Summary: Haaretz, an Israeli newspaper, reported on August 6 that Israeli Bitcoin investors cannot pay their taxes as banks do not accept deposits from cryptocurrencies due to money laundering and terrorist financing concerns.  Furthermore, Bitcoin is not recognized as a currency in Israel and as a result, earnings made from trading are subject to a 25% ...

Haaretz, an Israeli newspaper, reported on August 6 that Israeli Bitcoin investors cannot pay their taxes as banks do not accept deposits from cryptocurrencies due to money laundering and terrorist financing concerns. 

Furthermore, Bitcoin is not recognized as a currency in Israel and as a result, earnings made from trading are subject to a 25% capital gains tax for individuals and a 47% corporate tax for corporations. 

Author: May Arjomand

Last Update:

Tags: ,,,,,
Link: Israeli Bitcoin Investors Unable to Pay Taxes as Banks Refuse Cryptos   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 12 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 19 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 23 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 26 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... August 29, 2025

    • You need to login to comment.