Coinbase requires UK users to complete risk confirmation form to comply with FCA financial promotion regulations

Coinbase recently required UK users to fill out a risk confirmation form to comply with the financial promotion regulations of the UK Financial Conduct Authority (FCA) that will take effect on January 8. Under the new rules, users will need to inform Coinbase of their investor type and complete a form confirming they fully understand the high-risk nature of cryptocurrency investing. The move also prompted exchanges such as Coinbase and OKX to provide more risk warnings on their platforms and to cooperate with crypto exchanges like Archax to obtain approval for financial promotion. (The Block)