Bitcoin Regulation in Israel
summary
Israel treats Bitcoin as an asset, so capital gains tax applies and accountants use FIFO first-in-first-out, producing surprising tax bills (example: buying at $4k, trading at $20k can create a $16,000 tax bill and a ~$4k tax liability). Exchanges face closed bank accounts and 5% exchange fees from compliance risk; banks and tax authorities wrestle with seized coins, inability to reverse payments, and FATF’s travel rule requiring VASP metadata, driving technical and legal workarounds like regulatory sandboxes.
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chapters (20)
- 0:00Intro
- 1:14Disclaimer
- 2:50Why regulation
- 5:44Technological mismatch
- 7:16Return of payments
- 11:55Trace money
- 15:15Regulators
- 25:15Principle
- 28:00Taxes
- 30:53Tax Planning
- 31:38Bitcoin Regulation in Israel
- 42:44Anti Money Laundering
- 47:47BitMining
- 48:53EFTF
- 49:41EFTF Assembly
- 51:11Currency Regulation
- 55:31Big Data Analysis
- 56:03Missed Opportunity
- 56:55Challenges
- 57:43Is Libra big
