✉news BusinessCrypto first seen 2 d ago, last 1 d ago, peak #5
Ireland Fines Coinbase Unit €3.25 Million Over Customer Fund Failures
Original: Central Bank of Ireland Fines Coinbase Unit €3.25 Million Over Customer Fund Safeguarding Failures
The Central Bank of Ireland has fined Coinbase's Irish operations €3.25 million over failures in how the crypto exchange safeguarded customer funds. The penalty is one of the more significant enforcement actions taken by the regulator against a major cryptocurrency company operating in Ireland, and it adds to the scrutiny Coinbase faces from financial authorities in Europe as it expands its presence in the region.
Why now: Regulators are intensifying oversight of major crypto firms and Coinbase is one of the largest exchanges operating in Europe.
Central Bank of IrelandCoinbaseIreland
Evidence
- Central Bank of Ireland Fines Coinbase Unit €3.25 Million Over Customer Fund Safeguarding Failures · Bitcoin Magazine
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