Coinbase’s UK Arm Slapped with $4.5M Penalty Over High-Risk Customer Onboarding.

The Coinbase’s UK arm, CB Payments Limited (CBPL), has been fined a significant $4.5 million (£3.5 million). The penalty followed an agreement breach that prohibited onboarding customers classified as “high-risk.” Notably, the United Kingdom’s Financial Conduct Authority (FCA) announced the fine on Thursday, highlighting weaknesses in CBPL’s customer control mechanisms. FCA Agreement With Coinbase’s UK […]
Coinbase Appoints Former Clinton Adviser Chris Lehane and Two Others to Executives’ Board

Coinbase has expanded its board of directors to a ten-man team by appointing three new executives. “Today we announce that Chris Lehane, Paul Clement, and Christa Davies are joining Coinbase’s Board of Directors,” stated the exchange in a post on X. Former Clinton Adviser Joins Coinbase’s Executives’ Board The most striking of the new appointments […]