Coinbase fined (UK) for serving specified customers

[wellington]

Coinbase UK fined $4.5 million for ‘high-risk’ customer onboarding

The $4.5 million fine could signal the start of more scrutiny for crypto exchanges in the region.

cointelegraph.com

Seems coinbase is following the UK De-banking process -> I'd imagine this isn't AML/Terror financing but political as a couple of 'right of centre' personalities in the UK have openly stated their accounts were frozen.

 

[Martin Everson]

I think the UK wants to show they are clamping down on money laundering....lol.

London, the money-laundering capital​

https://www.chathamhouse.org/publications/the-world-today/2018-04/london-money-laundering-capital

 

[wellington]

Look at how the economy has faired since lol

 

[bubbledouble]

They need a reason to get their sneaky hands on Coinbase's and their users money.