{"id":837612,"date":"2024-07-26T10:18:27","date_gmt":"2024-07-26T04:48:27","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=837612"},"modified":"2024-07-26T10:18:27","modified_gmt":"2024-07-26T04:48:27","slug":"uk-watchdog-fines-coinbases-cb-payments-for-poor-controls","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/26\/uk-watchdog-fines-coinbases-cb-payments-for-poor-controls\/","title":{"rendered":"UK watchdog fines Coinbase&#8217;s CB Payments for poor controls"},"content":{"rendered":"<p>Britain&#8217;s Financial Conduct Authority (FCA) has fined Coinbase business CB Payments Limited (CPBL) 3.5 million pounds ($4.5 million) for poor anti-money laundering controls, the watchdog&#8217;s first enforcement action against a company involved in cryptoassets trading.<\/p>\n<p> The FCA said on Thursday that CBPL, a gateway for customers to trade cryptoassets within the global Coinbase Group, voluntarily agreed in October 2020 to make improvements to its financial crime controls after a visit by the watchdog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Britain&#8217;s Financial Conduct Authority (FCA) has fined Coinbase business CB Payments Limited (CPBL) 3.5 million pounds ($4.5 million) for poor anti-money laundering controls, the watchdog&#8217;s first enforcement action against a company involved in cryptoassets trading. The FCA said on Thursday that CBPL, a gateway for customers to trade cryptoassets within the global Coinbase Group, voluntarily agreed in October 2020 to make improvements to its financial crime controls after a visit by the watchdog.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-837612","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837612","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=837612"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/837612\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=837612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=837612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=837612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}