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| Israel to Tax Bitcoin as an Asset, Not a Currency Bitcoin isn't a currency and people buying and selling the cryptocurrency will be subject to tax, the Israel Tax Authority said Monday in an updated circular. As a result, profits made on cryptocurrencies will be subject to the ordinary 25% capital gains tax for private investors to a 47% marginal rate for ...
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| Is Bitcoin more trustworthy than sovereign currency? In case of a general lack of trust in the government, the legal system of a country or the currency, payers will seek third-party anonymity. They would not want authorities to be able to monitor their payments. In such an extreme case, digital cash issued by the central bank will surely not be the payment ...
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| Banks' foreign currency deposits down in January SEOUL, Feb. 20 (Yonhap) -- Foreign currency deposits at banks in South Korea fell in January from a month earlier on a decline in U.S. dollar and Japanese yen deposits, central bank data showed Tuesday. Outstanding foreign currency deposits held by banks here reached US$81.9 billion at the end of ...
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