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Minar Bitcoins Facilmente 2021!New Crypto Tax Law Takes Effect on Jan. 1. Effective Jan. 1, , the Infrastructure Investment and Jobs Act, which passed in November , requires. Crypto mining is considered a business in Israel and is subject to the corporate income tax. On the other hand, crypto miners are considered money transmitters. It's important to remember that cryptocurrency mining is subject to tax. When you earn cryptocurrency mining rewards, you'll recognize income based on the fair.