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Coinbase's Irish Arm Fined by Central Bank Over Breaches
Original: Coinbase’s Ireland Arm Fined by Irish Central Bank Over Breaches
The Central Bank of Ireland has fined Coinbase's Irish subsidiary over regulatory breaches, according to Bloomberg. The penalty marks a rare enforcement action by the Irish regulator against a major cryptocurrency exchange operating in the European Union. The news is drawing attention as regulators worldwide intensify scrutiny of crypto firms, and as Coinbase pushes to expand its European business under the EU's new MiCA framework.
Why now: A major crypto exchange facing regulatory penalties in Europe highlights ongoing tensions between crypto firms and financial regulators.
CoinbaseCentral Bank of IrelandIreland
Evidence
- Coinbase’s Ireland Arm Fined by Irish Central Bank Over Breaches · Bloomberg.com
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