Coinbase Ireland fined $3.6M for oversight and fund-safeguard failures
Briefing by News4U · First published
Central Bank of Ireland fines Coinbase Ireland $3.6M for oversight and customer-fund failures between 2020 and 2025; sanctions await high-court approval.
Cointelegraph reports that the Central Bank of Ireland announced an enforcement action against Coinbase Ireland for failures to safeguard user funds and provide oversight between 2020 and 2025, resulting in a $3.6 million fine. [1]
The regulator said Coinbase Ireland admitted the contraventions, agreed to the facts and will be subject to fines and sanctions once approved by Ireland’s high court. [1]
Sources
- Irish cenbank fines Coinbase arm $3.6M for oversight, safeguard failures
Cointelegraph · · Full text