Israeli Bitcoin investors are unable to pay taxes due to regulatory problems

At the end of 2017, Ron Gross's bank Hapoalim began to refuse to allow it to deposit bitcoin profits into its accounts. This means that its profits (converted into US dollars) are stranded in Swiss banks and cannot reach Israel. Since there is no Shekel to pay the tax bill, the tax authorities have a lien on his Hapoalim account, on his home or even on a motorcycle. Thereafter, the lien of his bank account was cancelled. He is ineffective after contacting the tax bureau or bank. The Israeli tax authorities have learned that bitcoin and other digital currency revenues are about 300 million shekels (about $86 million) in unpaid taxes, and the figures may be higher. The tax authorities do not believe that Bitcoin and other digital currencies are currencies, impose a 25% capital gains tax on personal trading profits, and impose a corporate tax rate of 47% on companies.