South Korean City Plans Confiscation of Cryptocurrency from Tax Delinquents
The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents. The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, ...
SEC Sanctions Could Hit Coinbase’s Revenue, Warns Analysts at German Bank
This is the opinion of analysts at a major German bank They believe the SEC sanctions will hit the company hard Coinbase risks losing much of its revenue from the U.S. market The Securities and Exchange Commission (SEC) sent Coinbase a "Wells Notice" ...
Binance Spot Trading Volume Falls for Second Month in a Row
But the cryptocurrency has maintained its lead Look at detailed analytics from CCData The spot trading volume on Binance has fallen for the second straight month, according to CCData. In April, it decreased by 48%. This is the second lowest level since March 2021 ...
US Congressman Announces Bill to Remove SEC Chairman and Change Decision-Making Process
Warren Davidson, a member of the US House Financial Services Committee, has made headlines by announcing his intention to propose a bill that would change the way decisions are made at the SEC. Specifically, he wants to eliminate the position of chairman and replace it with an executive director ...