Israel vs Slovakia
Crypto regulation comparison
Israel
Slovakia
Legal
Legal
Cryptocurrency is legal in Israel and treated as a taxable asset. The Israel Tax Authority classifies crypto as property, subject to 25% capital gains tax (or up to 50% for significant shareholders or high earners). Israel has a vibrant blockchain ecosystem with many startups and R&D centers.
Cryptocurrency is legal in Slovakia and regulated under EU MiCA framework since December 2024. A 7% reduced tax rate for long-term holdings was passed in 2023 but repealed by the consolidation package before taking effect. Crypto gains are taxed at standard income tax rates of 19-25%. VASPs must be authorized by NBS under MiCA.
Tax Type
Capital gains
Tax Type
Capital gains
Tax Rate
25-50%
Tax Rate
19-25%
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
ISA (Israel Securities Authority), ITA (Israel Tax Authority), CTMFA
Regulator
NBS (Národná banka Slovenska)
Stablecoin Rules
No specific stablecoin regulation; ISA exploring digital asset framework
Stablecoin Rules
Regulated under EU MiCA framework
Key Points
- Capital gains tax of 25% on crypto profits (up to 50% including surtax for high earners)
- Israel Tax Authority classifies cryptocurrency as property, not currency
- ISA is developing a regulatory framework for digital asset trading platforms
- AML/KYC requirements apply to crypto service providers under CTMFA supervision
- Israel has one of the highest densities of blockchain startups globally
Key Points
- 7% tax rate for long-term holdings was passed in 2023 but repealed before taking effect
- Crypto gains taxed at 19% (income up to €47,537) or 25% (above threshold)
- VASPs must register with NBS for AML/CFT compliance
- MiCA framework applicable since 30 December 2024; NBS grants authorizations
- MiCA framework applicable from December 2024