EddieJayonCrypto
5 Jan 24
Coinbase has implemented a new compliance process for its UK users in response to impending FCA regulations. This process requires users to identify their investor type and complete a risk assessment form to continue accessing their accounts. Other exchanges, such as OKX, have also adopted similar m...
Coinbase has implemented a new compliance process for its UK users in response to impending FCA regulations. This process requires users to identify their investor type and complete a risk assessment form to continue accessing their accounts. Other exchanges, such as OKX, have also adopted similar measures, indicating a growing trend towards greater regulatory compliance in the industry. However, users have expressed difficulties in completing and submitting the required forms, highlighting the challenges of integrating regulatory compliance within user-friendly digital platforms. As the January 8 deadline approaches, the focus will be on how effectively Coinbase and other exchanges navigate these new regulatory waters while maintaining their user base’s satisfaction and trust.
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