Coinbase fined £3.5mn by UK regulator over ‘high-risk’ customers
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Crypto exchange Coinbase has been fined £3.5mn by the UK’s financial watchdog for providing payment services to more than 13,000 “high-risk” customers, in the first enforcement action by the regulator against a company that enables cryptocurrency trading.The Financial Conduct Authority fined Coinbase’s subsidiary, CB Payments Ltd, for “repeatedly breaching a requirement that...
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