Are Cryptocurrencies Regulated at Breaking News

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Are Cryptocurrencies Regulated, Cryptocurrencies are treated as financial assets, and income from selling them is taxed accordingly; Cryptocurrencies are not classified as financial assets and cannot be acquired by investment funds; The israeli securities regulator has ruled that cryptocurrency is a security subject, while the israel tax authority defines cryptocurrency as an asset and demands 25% on capital gains.

Cryptocurrencies Dip Due to Exchange Hack
Cryptocurrencies Dip Due to Exchange Hack from cryptofrontline.com

Cryptocurrencies are not classified as financial assets and cannot be acquired by investment funds; The tax rate therefore is 15%. Interestingly, the kingdom has plans for a local digital currency to be traded between banks.

Cryptocurrencies Dip Due to Exchange Hack from Nice Breaking News

There are no formal rules to govern the exchanges. Government statements on cryptocurrencies in belgium in 2018 the belgian government released a website warning belgian citizens about common cryptocurrency. Regarding the usage of cryptocurrencies, in particular trading, as a professional activity, the tax base for corporate income tax is applied. Why is crypto not being regulated? The israeli securities regulator has ruled that cryptocurrency is a security subject, while the israel tax authority defines cryptocurrency as an asset and demands 25% on capital gains.