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Coinbase UK Unit Faces $4.5 Million Fine For Violating Financial Crime Conditions

Coinbase UK Unit Faces $4.5 Million Fine For Violating Financial Crime Conditions


Bitcoinist
2024-07-26 02:30:47

The Financial Conduct Authority (FCA) has slapped the UK subsidiary of Coinbase – CB Payments Limited – with a $4.5 million penalty for breaking a voluntary agreement meant to stop high-risk customers from being onboarded. The FCA brought to light serious problems with the control systems at CBPL. Related Reading: Veteran Trader Champions Bitcoin, Says


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