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://cryptoinvestment.at/wp-content/uploads/2024/07/uk-regulator-fines-coinbases-cb-payments-4-5-million-for-serving-high-risk-customers.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 […]