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

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

Source: Bitcoinist