UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers
![UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers](https://smartviewai.in/wp-content/uploads/2024/07/UK-Regulator-Fines-Coinbases-CB-Payments-45-Million-for-Serving.jpg)
The UK Financial Conduct Authority (FCA) has fined Coinbase’s payments arm, CB Payments Limited, £3,503,546 for breaching compliance rules by serving high-risk customers despite restrictions. The regulator explained that this marks the FCA’s first enforcement action against a firm facilitating cryptoasset trading. The violations involved significant transactions undetected for almost two years. FCA Fines Coinbase’s […]
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