This effort is in line with the FCA’s upcoming rules on financial advertising in the UK.
User reports on Twitter indicate that Coinbase has conveyed these needs via email.
Some users have reported receiving an email stating that Coinbase 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 (FCA) upcoming rules on financial advertising in the United Kingdom. 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.
Stringent Compliance Measures
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 ma
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