🚨 Coinbase UK Fined $4.5M for Onboarding High-Risk Users! 🚨

Coinbase's UK arm, CB Payments Limited (CBPL), just got slapped with a £3.5M ($4.5M) fine by the FCA for onboarding 13,416 high-risk customers. Oops! 😬

In 2020, CBPL agreed not to onboard such users but seems they missed the memo. The FCA's Therese Chambers said this laxity could lead to money laundering. Yikes!

Could this mean more scrutiny for other crypto exchanges? Share your thoughts below! 👇

Stay tuned for more updates on this developing story.

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