Arab Israeli Conflict
Middle East News
Hi Tech News
The month-long project will test the use of digital currency to support local businesses during a peak tourist event in the city.
The IRS considers cryptocurrencies such as bitcoin as property for federal tax purposes, meaning any profits or losses from the sale or exchange of the virtual coins should be reported.
The Israeli government has published and circulated a draft proposal with Israel’s Tax Authority looking to introduce VAT on ICOs.
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