![UK Regulator Fines Coinbase' CB Payments $4.5 Million for Serving High-Risk Customers Despite Restrictions](https://static.news.bitcoin.com/wp-content/uploads/2024/07/coinbase-uk-fca-768x432.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 […]