Coinbase UK unit fined $4.5 million by British regulator over 'high-risk' customer breaches

Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches

Posted on By fonexspec No Comments on Coinbase UK unit fined $4.5 million by British regulator over ‘high-risk’ customer breaches


Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)

Nurphoto | Nurphoto | Getty Images

British regulators fined Coinbase’s U.K. arm £3.5 million ($4.5 million) on Thursday over breaching a voluntary agreement designed to stop the cryptocurrency exchange from onboarding “high-risk customers.”

Coinbase Global shares were just under 2% lower in U.S. premarket trading.

This is a breaking news story. Please check back for more.



Source link

Tech News Tags:, , , , , , , , , , , ,

Related Posts

Amazon tests adding robot warehouses to Whole Foods Amazon tests adding robot warehouses to Whole Foods Tech News
Amazon plans discount store in bid to fend off Temu and Shein Amazon plans discount store in bid to fend off Temu and Shein Tech News
How to keep email from getting lost to a spam folder How to keep email from getting lost to a spam folder Tech News
Women's health startup Maven Clinic raises $125 million Women’s health startup Maven Clinic raises $125 million Tech News
Ticketmaster data breach exposes 560 million customers' data, IT group says Ticketmaster data breach exposes 560 million customers’ data, IT group says Tech News
Synthesia now lets you make AI avatar presentations using a webcam Synthesia now lets you make AI avatar presentations using a webcam Tech News

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.