Kingdom

United

<ul> 
 <li>This effort is in line with the FCA’s upcoming rules on financial advertising in the UK.</li> 
 <li>User reports on Twitter indicate that Coinbase has conveyed these needs via email.</li> 
</ul> 
Some users have reported receiving an email stating that <a href="https://thenewscrypto.com/coinbase-custody-shuffles-leadership-ahead-of-spot-bitcoin-etf-decision/" target="_blank" rel="noreferrer noopener">Coinbase</a> has implemented a new requirement for customers in the UK. A risk acknowledgment form must now be filled out by them. 
This effort is in line with the Financial Conduct Authority’s (<a href="https://thenewscrypto.com/uk-nao-criticizes-fca-over-delayed-action-on-crypto-sector/" target="_blank" rel="noreferrer noopener">FCA</a>) upcoming rules on financial advertising in the <a href="https://www.britannica.com/place/United-Kingdom" target="_blank" rel="noreferrer noopener nofollow">United Kingdom</a>. With the goal of creating a trading space where customers are better educated about the dangers associated with crypto investments, Coinbase is working towards this goal. 
<h3 class="wp-block-heading" id="h-stringent-compliance-measures">Stringent Compliance Measures</h3> 
Users in the United Kingdom are required under the new protocol to identify themselves as a certain kind of investor. They must also undergo an Appropriateness Assessment to prove they understand the significant risk associated with investing in cryptocurrencies. 
Making sure users have the information to make educated investment decisions is the goal of the evaluation. User reports on Twitter indicate that Coinbase has conveyed these needs via email. 
One reason for these modifications is the impending implementation of the Financial Conduct Authority’s financial marketing regulations on January 8. The goal of these rules is to make the ever-changing cryptocurrency market safer for investors. 
As a result, a number of exchanges have teamed up with crypto exchange <a href="https://archax.com/trade/cryptocurrencies" target="_blank" rel="noreferrer noopener nofollow">Archax</a> to make sure their financial promotions are in line with the new regulations. This includes OKX and Coinbase. 
Other major participants in the market, like Binance and Kraken, have also taken similar steps, showing that the cryptocurrency industry as a whole is moving towards stricter regulatory compliance. 
This action complies with legal requirements and is vital in protecting investors by making them more aware of the dangers of crypto trading.&nbsp; 
Highlighted Crypto News Today: 
<a href="https://thenewscrypto.com/visa-unveils-web3-loyalty-program-for-enhanced-customer-engagement/" target="_blank" rel="noreferrer noopener">Visa Unveils Web3 Loyalty Program for Enhanced Customer Engagement</a>

Coinbase Implements FCA-Compliant Measures for UK Users

Table of Contents

TheNewsCrypto

Other articles published on Jan 4, 2024

Insights on the Current Crypto Market and the Potential of a Spot Bitcoin ETF

How Spot Bitcoin ETF Caps Franklin Templeton’s Seven Decades of Prudent Investment Management

Ripple Waits for a Major Bullish Signal: Will the XRP Price Mark New Highs in 2024?

Aptos Makes A Robust Surge Following Recent Market Crash! Where’s APT Price Heading Next?

Marathon Digital Continues Bitcoin Sales Amid Record Production

ProBit Global Exchange Lists Vector Space Biosciences’ SBIO Token

Join our free newsletter for daily crypto updates!