Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)
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British regulators fined Coinbase’s U.K. arm £3.5 million ($4.5 million) on Thursday over breaching a voluntary agreement designed to stop the cryptocurrency exchange from onboarding “high-risk customers.”
Coinbase Global shares were just under 2% lower in U.S. premarket trading.
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