Ireland’s Central Bank Fines Coinbase Unit €3.25 Million
Ireland’s central bank fined Coinbase Ireland over electronic-money safeguarding and outsourcing failures. The penalty is subject to High Court confirmation.
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Ireland Fines Coinbase Unit €3.25 Million for Safeguarding Breaches
The Central Bank of Ireland fined Coinbase Ireland for breaches of customer fund safeguarding and outsourcing rules under the Electronic Money Regulations. The company admitted the violations on Oct. 21, the regulator said.