UK regulators fine Coinbase $4.5 million, grant Revolut banking license

Two crypto companies, Coinbase and Revolut, suffered contrasting fortunes in the hands of the UK authorities during the past week. Coinbase fined The UK’s Financial Conduct Authority (FCA) fined CB Payments Limited (CBPL), a subsidiary of Coinbase Group, £3.5 million ($4.5 million) for breaches related to Anti-Money Laundering. In a July 23 notice, the FCA […] source: https://cryptoslate.com/uk-regulators-fine-coinbase-4-5-million-grant-revolut-banking-license/