BTC Payments accepted in 74 Beauty Clinics in Japan

Japanese cryptocurrency exchange and payment processor Bitflyer announced partnership with SBC Medical Group what will let patients to pay in cryptocurrency
13 April 2018   1404

The Shonan Beauty Clinic chain in Japan which is operated by SBC now confesses BTC for services by utilizing Bitflyer’s bitcoin payment platform. Shonan clinics suggest a huge variety of services like eyelid surgery, liposuction, dermatology, acupuncture, cosmetic dental, breast augmentation and rhinoplasty. There are 74 Shonan branches across Japan and some of their surgeons and doctors are very well known. All Shonan clinics will now accept bitcoin for services but there is a cap on how much you can spend.

At present, the maximum quantity per transaction for bitcoin purchases is 2 million yen ($18,700 USD). Bitflyer states during the partnership that it has introduced BTC to thousands of merchants from different industries and “the number of introduction cases is increasing.”

With our partnership with SBC Medical Group and more domestic and overseas businesses — we will contribute to improving convenience for our customers.
Bitflyer, crypto exchange and payment processor, Japan

 

Bitflyer has been collaborating with a lot of traders and Japan now has a lot of stores that accept BTC payments. The company has signed firm’s like Marui Group’s department stores, the retail chain BIC Camera, the points website Hapitas, and Samantha Thavasa Japan Co. Ltd. Bitflyer also supplies insurance for customers that cover failed transactions involving the BTC network.

Shonan Beauty Clinic in Japan is not the only firm based on cosmetic surgery that accepts BTC as there are a few others worldwide. Other practices that accept bitcoin include Vanity Cosmetic Surgery in Miami, Elite Body Sculpture in Beverly Hills, Artisan Cosmetic Surgery in Ohio, Houston Cosmetic Surgery, and Artful Awakenings Cosmetic Surgery in Melbourne Florida.

Israeli BTC Investors to Face Catch 22

They need to pay taxes from Bitcoin investing in order to avoid their property arrest, but banks don't take their money due to AML issues
06 August 2019   148

Bitcoin investors in Israel are faced with the impossibility of paying taxes, as local banks refuse to accept funds received from the sale of cryptocurrencies because of the risks of money laundering and terrorist financing. About this writes the local edition of Haaretz on August 6.

Bitcoin is not recognized as a currency in Israel, therefore, individuals must pay 25% of the income from cryptocurrency trading to the treasury, and legal entities - 47%.

Investor Ron Gross told the publication that he acquired bitcoins in 2011 and reported his income to the tax office. In 2017, the bank that served Gross began to refuse to accept funds received from the sale of bitcoins. The investor met with representatives of the bank to demonstrate to them a 70-page history of bitcoin transactions as confirmation of the origin of the funds, but failed to convince them.

The tax authority is aware of the problem, but they say the ball isn’t in their courts. I’ve tried working with almost all the banks, but the minute they hear the word ‘Bitcoin’ they freeze up.
 

Ron Gross

Bitcoin investor from Israel

 

Since Gross was unable to pay taxes on time, his bank account, home, and even scooters were arrested. According to the investor, the tax authorities know about the problem, but can do nothing.

According to Haaretz, the tax office is aware of $ 86 million in unpaid taxes on income from cryptocurrency trading. It is possible that the real amount may be significantly higher.

Roy Arav, another Bitcoin investor, kept the proceeds from trading Bitcoin in an account with Israeli bank Discount under the control of the Bit2C exchange. The bank refuses to transfer money to Arava’s personal account under the pretext that its politicians forbid it to transfer funds related to virtual assets to client accounts due to the risks of money laundering and terrorist financing.

Arav also could not pay taxes and was forced to sue the bank. According to the investor, the authorities entered his position and granted him a deferral of time for the consideration of the claim.