UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

by CryptoExpert

July 26, 2024

in Business

UK Regulator Fines Coinbase’s CB Payments $4.5 Million for Serving High-Risk Customers

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 […]

Source link

Capital B Buys 376 Bitcoin for $29.4M as Treasury Grows to 3,521 BTC

Philippines Eyes Payment Operator Freeze, Tighter VASP Checks

UK Crime Agency Froze $13.5M Amid Probe into Premier League Crypto Sponsor

Tags: Bitcoin

CryptoExpert

Recommended For You

Capital B Buys 376 Bitcoin for $29.4M as Treasury Grows to 3,521 BTC

by CryptoExpert

September 8, 2026

Capital B Buys 376 Bitcoin for $29.4M as Treasury Grows to 3,521 BTC

Key TakeawaysCapital B bought 376 BTC for $29.4M, lifting its bitcoin treasury to 3,521 BTC.Adam Back and TOBAM-backed funding show firms still using equity markets to expand bitcoin...

Philippines Eyes Payment Operator Freeze, Tighter VASP Checks

by CryptoExpert

September 7, 2026

The Philippines’ central bank has proposed freezing new payment-system operator registrations for 12 months while imposing tighter controls on payment arrangements involving virtual asset service providers (VASPs). Under a...

UK Crime Agency Froze $13.5M Amid Probe into Premier League Crypto Sponsor

by CryptoExpert

September 7, 2026

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news, reviews, and analyses are produced with full journalistic independence and integrity....

Thailand Adopts Crypto Travel Rule With Self-Custody Checks

by CryptoExpert

September 7, 2026

Thailand is tightening oversight of crypto transfers, including transactions involving self-custodial wallets, as it moves to align with global Anti-Money Laundering (AML) standards.Thailand’s Securities and Exchange Commission (SEC)...

G20 members tout ‘clear pathways’ for digital asset innovation

by CryptoExpert

September 6, 2026

Officials in the G20, under the US’ presidency, recognized that digital assets could support “broad-based economic growth” and called for improvements in cross-border transactions. Source link