“Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers,” the FCA said in a release on Thursday. “Approximately 31 per cent of these customers deposited around USD $24.9 million. These funds were used to make withdrawals and then execute multiple cryptoasset transactions via other Coinbase Group entities, totalling approximately USD $226 million.”
Related posts
-
Copper to Offer Custody Services For Tokenized Money Market Funds Such as BlackRock’s (BLK) BUIDL
Tokenized Treasuries are digital representations of U.S. government bonds and are at the forefront of the... -
Money Launderer Faces Up to Two Decades in U.S. Prison After Guilty Plea
“Although Li committed this offense from outside the United States, he was not beyond the reach... -
Coinbase Launches Regulated Crypto Benchmark — Who Can Invest?
Coinbase’s new cryptocurrency index introduces a regulated crypto benchmark,...