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Irish central bank fines Coinbase €3.25 million
Original: Irish central bank fines Coinbase unit €3.25 million
Ireland's central bank has fined Coinbase's Irish unit €3.25 million, the latest regulatory penalty against a major cryptocurrency exchange in Europe. The fine comes as European authorities tighten oversight of crypto firms under evolving money-laundering and licensing rules, and it adds to Coinbase's growing list of regulatory encounters on both sides of the Atlantic.
Why now: Regulators are intensifying scrutiny of crypto exchanges in Europe, and penalties against major players like Coinbase draw wide attention.
CoinbaseCentral Bank of IrelandIreland
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