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 Investor Letter Talks SEC Lawsuits, Political Donations
Coinbase stated that its top priority is crypto regulatory certainty from the US SEC. It remains active in politics, supporting pro-crypto candidates. Coinbase (NASDAQ: COIN), a cryptocurrency exchange, disclosed its Q1 results on Thursday, May 2. The company’s revenue surpassed initial projections, owing to the robust surge in the cryptocurrency market and the introduction of spot Bitcoin […]
XRP Lawyer John Deaton To Witness Coinbase-SEC Showdown
Pro-XRP lawyer John Deaton will join Coinbase in its SEC lawsuit and foresees a pivotal moment that could alter the dynamics of the cryptocurrency industry. Pro-XRP lawyer John Deaton, who represents over 5,000 Coinbase customers, applauds as the preeminent crypto exchange Coinbase prepares to face the SEC in a federal courtroom challenge. Significantly, the legal dispute of considerable […]