Crypto firms introduce risk assessments and finance tests in response to strict new rules in UK
Publishing timestamp: 2024-01-05 12:34:51
Summary
The article discusses how cryptocurrency exchanges such as Coinbase, Crypto.com, and Gemini are requiring U.K. users to fill out risk assessments and questionnaires related to their financial knowledge. This is in response to new rules in the U.K. that require crypto companies to make clear the risks involved in trading cryptocurrencies and advertise their services responsibly. Users who fail to complete these tasks will be prevented from trading with their crypto accounts. The article also mentions that other crypto firms have suspended their services in the U.K. due to the new regulations.
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Keywords: markets, technology, business news, internet, coinbase global inc, breaking news: technology, fintech, breaking news: markets, cryptocurrency, paypal holdings inc,