Coinbase UK Hit with $4.5M Fine for High-Risk Customer Onboarding
Coinbase’s UK subsidiary, CBPL, has been fined $4.5 million for violating the FCA agreement, which prohibits the platform from onboarding high-risk customers. The United Kingdom regulators have levied a $4.5 million (£3.5 million) fine on Coinbase’s UK subsidiary, CB Payments Limited (CBPL). A penalty is imposed for violating a voluntary agreement that is intended to […]
Coinbase Liquidates User’s Bitcoin Holdings Following Inactivity
Coinbase attracted criticism from the Chinese crypto community as the exchange allegedly liquidated a user’s Bitcoin holdings without prior notification. The experience of a Chinese crypto investor with Coinbase has prompted intense online discussions. It illuminates the hazards and regulations linked to the investment of digital assets. The user shared their tale on Xiaohongshu and […]
Mt. Gox transfers 5,106 BTC to Bitstamp Wallet
Mt. Gox resumed its reparations by transferring 5,106 Bitcoin, valued at approximately $335 million, to the crypto exchange Bitstamp and an unidentified address. At 6:16 am UTC, Arkham Intelligence data indicates that two transfers of 5,106 Bitcoin were dispatched. Bitstamp received 2,237 BTC valued at $147 million, while an unknown address received approximately 2,869 BTC. […]
US House Rep. Approves New Crypto Bill to Combat Illicit Finance
The US House passed a new crypto bill to combat illicit finance, creating a government working group and promoting public-private partnerships. A new crypto legislation has been enacted by the US House of Representatives, this time to combat its use for illicit finance. The bipartisan financial services would establish a government working group measure to […]
Spanish Banking Giant Unicaja Invests In Crypto Exchange
Spanish banking giant Unicaja invests in crypto exchange Bit2Me, gaining over 5% ownership and a board seat, signifying a major move forward in blockchain & crypto adoption. Unicaja, a Spanish banking giant has disclosed a substantial investment in crypto exchange Bit2Me. This strategic partnership, which involves one of Spain’s top five institutions investing in a prominent digital asset platform, […]