• Coinbase has been fined €3.3M by the Dutch central bank for non-compliance.
• The bank stated that Coinbase failed to acquire the necessary registration to offer crypto services in the Netherlands before it started operating in the country.
• The authorities claimed that the crypto exchange was not compliant between November 2020 and August 2022.

The US-based cryptocurrency exchange Coinbase has been hit with a hefty fine of €3.3M by the Dutch central bank for failing to comply with regulations. This fine comes days after the exchange announced 20% layoffs and termination of operations in Japan due to market volatility.

The Dutch central bank, De Nederlandsche Bank (DNB), stated that Coinbase had not acquired the necessary registration to offer crypto services in the Netherlands prior to operating in the country. This non-compliance was noted between November 2020 and August 2022. The size of the exchange as a company and the “significant number of clients” it has in the Netherlands were taken into consideration when issuing the fine.

It is unclear at this moment if Coinbase will apply for registration in the Netherlands or not. This is a rare occasion, as cryptocurrency exchanges are usually not subject to such fines. The lack of regulation for crypto exchanges has been a major obstacle for governments to regulate the industry. Despite this, many countries have made progress in the regulation of digital assets, with the Netherlands being one of them.

This fine is also a reminder for other crypto exchanges to be aware of their local regulations to avoid similar penalties in the future. Coinbase, for its part, has not yet issued a statement regarding this fine. It is expected that the exchange will comply with the Dutch central bank’s regulations to avoid any further consequences.

• Orange Financial is a multi-chain yield farming treasury that will launch on February 1st, 2023.
• It is the only NFT project to offer stablecoin rewards through yield farming to its holders.
• The Treasury takes care of all the compounding and harvesting on behalf of its holders and routes the returns back through USDC, making it a convenient and secure choice for hands-off diversification.

Orange Financial is a multi-chain yield farming treasury set to launch on February 1st, 2023. As the only NFT project to offer stablecoin rewards through yield farming to its holders, Orange Financial is revolutionizing the world of yield farming and NFTs. Through its innovative approach, Orange Financial has created a basket of DeFi assets and farming opportunities to provide yield for its NFT holders.

The Treasury takes care of all the compounding and harvesting on behalf of its holders and routes the returns back through USDC, making it a convenient and secure choice for hands-off diversification. This allows holders to receive real-yield instead of devaluing volatile assets.

The treasury participates in a wide range of yield farming opportunities to provide the best returns for its holders. With no native token and no fixed interest rate, the Treasury’s payout schedule is purely dependent on market conditions and is transparently posted on a weekly basis. This ensures that users always have the latest information regarding their rewards and have a good understanding of the funds they are investing in.

In addition to its diversified DeFi Treasury, Orange Financial is also Polygon native and does not require users to stake their NFTs to earn rewards. This makes it easy for users to manage their NFTs and earn rewards without having to constantly monitor their funds.

Orange Financial is committed to providing its users with a secure and transparent platform to earn yield. It has implemented several security features such as smart contracts and anti-fraud protocols to ensure the safety of users’ funds. The platform also provides users with real-time updates on their rewards, allowing them to make informed decisions.

Orange Financial’s innovative approach to yield farming and NFTs is set to revolutionize the world of DeFi. With its stablecoin rewards and secure platform, Orange Financial is sure to become a leader in the industry.

• Robinhood has announced it will no longer accept Bitcoin SV deposits and delist the cryptocurrency starting January 25th.
• Customers will not be able to trade, purchase, or transfer Bitcoin SV after the deadline.
• The move is part of a regular review of the cryptocurrencies offered by Robinhood.

Robinhood, the popular online trading app, has announced that it will no longer be accepting Bitcoin SV (BSV) deposits and will be delisting the cryptocurrency from its platform starting January 25th. This means that customers will no longer be able to trade, purchase, or transfer Bitcoin SV after the deadline.

The news came in the form of a statement on the company’s website. In it, Robinhood reaffirmed that it has a rigorous framework in place for regularly reviewing the cryptocurrencies it offers and that it is selective about the assets it offers in order to make its crypto offering the most trusted and lowest-cost option.

This move to delist Bitcoin SV follows similar decisions by other big cryptocurrency exchanges. In April 2019, Binance delisted Bitcoin SV after Craig Wright, one of the developers of the cryptocurrency, made inflammatory comments directed at the cryptocurrency community. Similarly, in October 2020, Kraken also delisted Bitcoin SV after it accused Craig Wright of making false claims about being Satoshi Nakamoto, the mysterious creator of Bitcoin.

For customers who still hold Bitcoin SV after the January 25th deadline, Robinhood will automatically sell the cryptocurrency at market value and give the proceeds to the respective customers.

It is unclear why Robinhood has chosen to delist Bitcoin SV, but it has been speculated that the decision was based on the ongoing drama and controversy surrounding the cryptocurrency.

In any case, Robinhood’s decision to delist Bitcoin SV will have an impact on the cryptocurrency’s value and liquidity. It remains to be seen how the market will react to the news, but it is certain that this move will have a significant effect on Bitcoin SV and the cryptocurrency community as a whole.