SegWit2x still possible? (part 2)

Yobit exchange will launch the SegWit2x futures trading before the date of possible (or impossible?) hardfork
14 November 2017   3180

The hype around the hardfork does not stop. YoBit cryptocurrency exchange launches the SegWit2x futures trading before the date of possible (or impossible?) hardfork.

Yobit will apply the same scheme as in the case of Bitcoin Gold tokens. The exchange will freeze the input and output of bitcoins from the users' accounts, and after that they will calculate the preliminary volume of the SegWit2x split-tokens. This scheme has much in common with futures trading.

On the exchange's website, a countdown appeared.

YoBit website
YoBit website

The fact that the exchange opens trades with these tokens gives reason to expect that despite the announcement of the leaders of the movement, SegWit2x will still take place.

What is Yobit?

YoBit is a cryptocurrency exchange with not really much public information. 

Yobit. net is a cryptocurrency exchange platform that unites major market players. Yobit.net always supports cooperation with the most popular world cryptocurrencies and provides the possibility to gain profit at electronic money exchange transactions.
 

Official Yobit FAQ

According to World Coin Index, Yobit is at the 26th place in cryptocurrency exchange ranking by 24h volume ($ 21,610,664).

Unfortunatelly, we have detected a lot of negative feedbacks regarding the Yobit exchange. Thus, at CryptoCompare has a 1.8 / 5 star ranking and a lot of interesting comments.

Total scam. Can't withdraw. Crazy fees. Support sux. Crappy xchange. Do not get in!
 

User with battleseal nickname

 

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   142

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.