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3232UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers
https://www.digit.info/uk-regulator-fines-coinbases-cb-payments-4-5-million-for-serving-high-risk-customers/
Fri, 26 Jul 2024 00:30:41 +0000https://www.digit.info/uk-regulator-fines-coinbases-cb-payments-4-5-million-for-serving-high-risk-customers/Read more]]>The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating cryptoasset trading. The violations involved significant transactions undetected for almost two years. FCA Fines Coinbase’s […]