From CNBC:

Coinbase and other cryptocurrency exchanges in the U.K. will require users to fill out risk assessments and investment questionnaires starting Jan. 8 to comply with new regulations. Users must declare their investor profile and respond to questions related to financial services and regulation. Failure to comply will prevent trading on their crypto account.

Firms offering crypto and stablecoins in the U.K. must now adhere to the Financial Services and Markets Act and be authorized or registered with the country’s Financial Conduct Authority (FCA). Crypto firms are working to ensure that users understand the risks of investing in cryptocurrency, in line with FCA consumer protections.

Coinbase CEO Brian Armstrong has been a strong advocate of the U.K.’s role as a crypto hub. However, new financial advertising regulations have put some crypto firms in a tight spot, leading some companies to suspend services in the U.K. in response to the new rules. Binance tried to get its marketing authorized in the U.K. with a third-party firm but was blocked by the FCA.



Read more: Coinbase, Gemini plan user risk assessments in UK ahead of new rules