CB Payments Limited (CBPL) a subsidiary the Coinbase Group fined $4.5 million by FCA for onboarding high-risk customers. Breaches occurred despite a 2020 agreement to halt onboarding high-risk customers. This is FCA’s first action under Electronic Money Regulations 2011 against a crypto firm. In a landmark decision, the Financial Conduct Authority (FCA) has fined the […]
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UK’s Coinbase subsidiary fined $4.5 Million for high-risk customer breaches