The UK Financial Conduct Authority (FCA) has fined Coinbase's UK arm £3.5 million ($4.5 million) for breaching a voluntary agreement designed to prevent the cryptocurrency exchange from onboarding high-risk customers. The FCA stated that Coinbase UK failed to implement proper anti-money laundering controls, leading to the significant penalty. The fine underscores the importance of compliance in the crypto industry and the ongoing efforts by regulators to mitigate risks associated with digital assets.Read more on Coinpaprika
Coinbase UK Fined $4.5M by British Regulator
