I received their 2nd update early this morning. And as announced before, my account will be limited to a number of services and I can only use one service, sending and receiving. Although, I also rarely use Coinbase and have not been supported by them to use services like buying and selling before. If anyone is using Coinbase for the purpose of sending funds this shouldn't cause any harm, but I don't think many people will still be using it today.
That is not clear to me, what I saw is sending of funds, nothing like receiving, maybe it probably means sending and receiving, but I will advice anyone that wants to use Coinbase.com with this message to first use very small amount of money that is more than the minimum amount to receive if inccuded in their ToS.
If no one tested this among us, I will test it with little amount of money and see if I will be able to receive the money, and later also send it back.
I too was only limited to sending and receiving before, I was unable to use Coinbase Pro and also not able to buy and sell on Coinbase.com which is the one we are talking about now.
Even if I tested this, it is just for us to know what is going on. I will wait to know if I will receive the second message too before testing it. But we should know that Coinbase.com is a custodial wallet which are not advisable at all, the best is to go for noncustodial wallet to be able to have complete control over your own coins.