Share this article
Israelis Must Now Disclose Crypto Holdings: Report
Dozens of Israelis who own digital currencies have recently received notification telling them they must fully disclose their assets for taxation purposes.
Updated Sep 14, 2021, 10:48 a.m. Published Dec 27, 2020, 4:51 p.m.
The Israeli Tax Authority (ITA) is now requiring residents to disclose their cryptocurrency holdings for taxation purposes, according to a Globes report.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- According to the report, dozens of Israelis who own digital currencies have recently received notification from the ITA telling them they must fully disclose their assets for tax purposes.
- The ITA requested data from cryptocurrency exchanges in Israel and outside of the country in order to obtain the data and information regarding the accounts held by Israelis.
- For the information the tax authority applied EU Common Reporting Standards regulations and the Foreign Account Tax Compliance Act and shared U.S. Internal Revenue Service data with Israel, the report said.
- The ITA states investors in digital currencies are subject to a 25% capital gains tax as long as their activity does not turn into a commercial enterprise.
Read more: How Israeli VCs Are Doubling Down on DeFi Startups
More For You
알아야 할 것:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Why Dogecoin’s drop below $0.13 is drawing institutional attention
DOGE's short-term direction depends on holding above the $0.1290–$0.1280 zone, with $0.1300 as immediate resistance.
알아야 할 것:
- Dogecoin experienced a sharp selloff, losing 5.5% and breaking critical technical levels, which signals a shift in short-term market structure.
- The decline was driven by increased selling pressure amid weaker risk sentiment and thinner liquidity, with volume surging 267% above average.
- DOGE's short-term direction depends on holding above the $0.1290–$0.1280 zone, with $0.1300 as immediate resistance.
Top Stories
