FCA Fines Coinbase $4.5M for Onboarding ‘High-Risk’ Customer

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9 months ago bitnews

FCA has fined prominent cryptocurrency exchange Coinbase’s United Kingdom arm $4.5M for breaching a voluntary agreement related to user onboarding. CB Payments Ltd. (CBPL), is an e-money institution and payments processor tied to United States Coinbase (COIN). Coinbase in trouble with UK regulators According to reports, CBPL allegedly onboarded 13,416 customers that the FCA considered high-risk. …