In this video, Lawyer Doron Levy covers a range of important topics in the capital market. such as Cryptocurrancy: “Cryptocurrency emerged as a novel concept in the late 1990s and early 2000s. It was developed as a means to decentralize the financial system by utilizing a computerized system, a computerized network, for verifying and validating various transactions in a decentralized manner. These currencies can also be categorized as securities. There is no restriction preventing a company from issuing a digital currency that grants holders of this digital currency a certain percentage of its profits. In such cases, this digital currency would be considered a security, a United States security, subject to U.S. securities and regulations”.
Adv. Doron Levy on the Risks of Tax Non-Compliance in Cryptocurrency – TechBullion
“The consequences can be severe. The tax authorities can initiate civil and criminal proceedings if they discover unreported income or assets” – Adv. Doron Levy
