Israeli court rules Bitcoin an assets and taxable

[dothebeats]

If I made a huge profit off of bitcoin and bitcoin trading, I would expect myself to be taxed especially once the banks raise the red flags on my account. I'm pretty sure here in this country, the central bank alongside the tax dept are looking at bitcoin as a currency more than an asset, which makes my profits fall under income tax. Anyway, the reason for bitcoin falling under capital gains tax, as was pointed by gentlemand, is rather silly and not a good basis of classification. Any other currency can be replaced, too, so shouldn't they fall on the same category as where bitcoin is if we are to use the judge's reasoning?

[antisocial77]

This is what governments have to do instead of ban cryptocurrency.if there is a profit, every countries ask for rax ofcourse. We all wish no tax but its a dream.