The UK's Financial Conduct Authority has fined CBPL, a Coinbase subsidiary, for allowing high-risk customers use its services to get access to crypto assets. It has been fined £3.5 million.
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After shutting down its operations in Singapore in late 2021 due to lack of compliance in crypto regulations, Binance is again opening its doors and reviving its crypto permit bid in Singapore.
A member of the European Central Bank board, Fabio Panetta, stated an urgent requirement for regulations in the crypto sector. This comes after the collapse of FTX and rising volatility for crypto.
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