{"id":5917,"date":"2017-01-19T00:00:00","date_gmt":"2017-01-19T00:00:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/"},"modified":"2017-01-19T00:00:00","modified_gmt":"2017-01-19T00:00:00","slug":"bitcoin-its-claiming-a-place-on-the-strict-banking-world","status":"publish","type":"europe","link":"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/","title":{"rendered":"Bitcoin its claiming a place on the Strict Banking World"},"content":{"rendered":"<p align=\"justify\"><font size=\"4\">Bitcoin Israel. Israel is&nbsp;<span><a href=\"http:\/\/calvinayre.com\/2016\/08\/01\/business\/scotland-looking-at-cryptocurrency-as-national-currency-option\/\" target=\"_blank\" style=\"color: #00f; text-decoration: underline;\" rel=\"noopener\">not the first country to tax cryptocurrency<\/a><\/span>, In fact, the Israeli government&rsquo;s move is like the decision made by tax authorities in the United States two years ago, when it decided to classify the popular digital currency as a type of taxable property.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">The Israel Tax Authority released a&nbsp;draft circular&nbsp;last week, which detailed &ldquo;the tax professional activities of virtual currencies.&rdquo; Under the new rules, transactions involving bitcoins in the country will be treated as barter transactions, and any profit from coin sales can be charged with capital gains tax, which starts at 25 percent. Aside from the capital gains tax on those profits, the ITA said commercial sales and trading transactions may also be subjected to value added tax.<\/font><\/p>\n<p align=\"justify\"><font size=\"4\">The ITA said profits made from the sale of cryptocurrencies in the country will be need to be declared to the tax authority. <span><a href=\"\/america\/coinbase-and-the-irs-have-been-put-in-doubt\" target=\"_blank\" style=\"color: #00f; text-decoration: underline;\" rel=\"noopener\">(READ SO COINBASE AND IRS HAVE BEEN PUT IN DOUBT)<\/a><\/span><\/font><\/p>\n<p align=\"justify\"><font size=\"4\">&ldquo;According to the Bank of Israel, virtual currency is not considered &lsquo;foreign currency,&rsquo; and therefore these coins will be considered in accordance with the Income Tax Ordinance as &lsquo;assets&rsquo; and their sale will be taxed as a sale of &lsquo;property&rsquo; and income from their sale will be classified as capital income and capital gains will be taxed according to the fixed tax rates,&rdquo; the tax authority said in a statement.<\/font><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Israel. Israel is not the first country to tax cryptocurrency, In fact, the Israeli government\u2019s move is like the decision made by tax authorities in the United States two years ago<\/p>\n","protected":false},"author":1,"featured_media":5918,"menu_order":687,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[3139,3140],"class_list":{"0":"post-5917","1":"europe","2":"type-europe","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-bitcoin-israel","8":"tag-criptocurrency","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin its claiming a place on the Strict Banking World - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin its claiming a place on the Strict Banking World - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Israel. Israel is not the first country to tax cryptocurrency, In fact, the Israeli government\u2019s move is like the decision made by tax authorities in the United States two years ago\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2023\/11\/bitcoin-its-claiming-a-place-on-the-strict-banking-world.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"380\" \/>\n\t<meta property=\"og:image:height\" content=\"205\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/\",\"name\":\"Bitcoin its claiming a place on the Strict Banking World - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2023\/11\/bitcoin-its-claiming-a-place-on-the-strict-banking-world.jpg\",\"datePublished\":\"2017-01-19T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/#primaryimage\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2023\/11\/bitcoin-its-claiming-a-place-on-the-strict-banking-world.jpg\",\"contentUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2023\/11\/bitcoin-its-claiming-a-place-on-the-strict-banking-world.jpg\",\"width\":380,\"height\":205,\"caption\":\"Bitcoin its claiming a place on the Strict Banking World\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Europe News\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/europe\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Bitcoin its claiming a place on the Strict Banking World\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/\",\"name\":\"Mundo Video Entertainment | Casino News in Latin America and the World\",\"description\":\"Gambling news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin its claiming a place on the Strict Banking World - Mundo Video Entertainment | Casino News in Latin America and the World","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mundovideo.com.co\/en\/europe\/bitcoin-its-claiming-a-place-on-the-strict-banking-world\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin its claiming a place on the Strict Banking World - Mundo Video Entertainment | Casino News in Latin America and the World","og_description":"Bitcoin Israel. 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