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Coinbase fined €3.25m by Irish central bank
The Central Bank of Ireland has fined Coinbase €3.25 million, adding to the crypto exchange's regulatory troubles in Europe. The penalty stems from a supervisory action by the Irish regulator, though details of the underlying breach were not provided in the available reports. The fine lands as Coinbase seeks to expand its footprint in the EU under the bloc's new MiCA crypto licensing framework, making European regulators' scrutiny especially consequential.
Why now: Regulators are stepping up scrutiny of crypto firms as Coinbase expands in Europe under new EU rules.
CoinbaseCentral Bank of IrelandIreland
Evidence
- Coinbase fined €3.25m by Irish central bank · Finextra Research
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