UK Financial Regulator Slaps Coinbase Subsidiary With $4,500,000 Fine for Onboarding High-Risk Customers

UK’s Financial Conduct Authority (FCA) says it imposed a fine of £3,503,546 or about $4.5 million on CB Payments Limited (CBPL) for violating the voluntary agreement (VREQ) that the firm and the regulator entered into in late 2020. CBPL, a subsidiary of crypto exchange Coinbase, provides e-money and payment services to its customers, but the The post UK Financial Regulator Slaps Coinbase Subsidiary With $4,500,000 Fine for Onboarding High-Risk Customers appeared first on The Daily Hodl .

Source: The Daily Hodl