Coinbase UK unit fined $4.5 million by British regulator over 'high-risk' customer breaches
Publishing timestamp: 2024-07-25 16:03:05
Summary
U.K. regulators fined Coinbase's U.K. arm $4.5 million for breaching a voluntary agreement to prevent onboarding "high-risk customers." Coinbase Global shares closed down 5.5%. The company acknowledged the breach and is working to enhance its controls for regulatory compliance.
Sentiment: NEGATIVE
Tickers: COIN,
Keywords: technology, coinbase global inc, cryptocurrency, business news,