The Israeli government is conducting an exploratory examination on the regulation of Decentralized Autonomous Organizations (DAOs), scrutinizing the involvement of crypto tokens and assessing the risks involved. The aim is to strike a balance between encouraging innovation and preserving stakeholders’ interests. This includes considering corporate status, taxation, and other facets to stimulate the economy.
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Israel’s New Crypto Tax Bill: Encouraging Investment or Stifling Decentralization?
Israel’s parliament is considering a bill that aims to incentivise the crypto industry by extending tax benefits of high-tech companies to crypto businesses. Proposed benefits include exempting foreign residents from capital gains taxes on cryptocurrency sales and cutting tax on crypto-related employee options from 50% to 25%.