Chalie Lee against SegWit2x hardfork

Litecoin creator, Charlie Lee, explains the reasons for being against SegWit2x 
06 September 2017   3179

Charlie Lee, the Litecoin creator, is known as one of the most honest developers in the cryptocurrency world. Indeed, he never shies away from any discussion on the hottest topics with the public and always tries to be open and honest about the problems. 

Now, as the hypothetical SegWit2x activation is becoming closer and closer, Charlie Lee shares his opinion on this subject on Twitter. The man talks about the SegWit2x activation and about the results of the poll that was conducted by him a bit earlier.

As shown, more than a half of the cryptocurrency enthusiasts don't support Bitcoin hardforking in November to double the blocksize.  

As soon as the Litecoin creator is concerned, the man goes on explaining why he is against the activation, as well. 

I am against Segwit2x hardfork in November due to 3 reasons: lack of urgent need, lack of replay protection, lack of consensus.

Charlie Lee
Litrcoin creator

The man details that "if we have any of the 3 things I listed, then a hardfork is called for and would be fine". 

Charlie Lee against SegWit2x
Charlie Lee on Twitter

Litecoin creator supports his opinion talking about other cryptocurrencies example.  

Bithumb Filed Appeal Against Korean Tax Office

Looks like the korean exchange doesn't really want to pay an additional tax worth $67 000 000
16 January 2020   124

The South Korean cryptocurrency exchange Bithumb has filed a complaint against the National Tax Service (NTS) because of the requirement to pay additional taxes for the transactions of its foreign customers.

The company claims that cryptocurrencies do not have an official status in the territory of South Korea, which is why the authorities cannot have sufficient reasons to levy any taxes.

The tax court will have to decide within 90 days whether to retain or withdraw from Bithumb the obligation to pay the $ 69.1 million tax that was assigned to it by NTS in November. The Office declares that the withdrawal of income from accounts in Korean won by foreign residents is a taxable event. It is assumed that the exchange itself had to withhold tax from its foreign customers.

We paid the full amount and have since been preparing for arguments. We believe we will be given a chance to clarify our stance in court.



 The ministry has its own position on this issue.

Bitcoin under the current law is not an asset. It is clear and simple. The Ministry of Economy and Finance already made that clear. The NTS pushing ahead with the tax imposition is baseless and groundless, especially since it is still awaiting the ministry opinion on the same matter it sought again.


Choi Hwoa-in

Adviser to Financial Supervisory Service

According to the expert, the NTS maneuver is well thought out and aimed at starting to levy a tax on income that is currently not taxable.

We cannot comment on the ongoing matter. We will await the judgment from the Tax Tribunal.



Earlier, Bithumb was ordered to pay an additional $ 67 million in tax.