Irish Central Bank Fines Coinbase Ireland $3.6M Over Fund Safeguarding Failures
Key Highlights: The Central Bank of Ireland fined Coinbase Ireland €3.25 million ($3.6 million) for breaching customer safeguarding and outsourcing governance rules. Regulators determined the Irish entity placed excessive operational reliance on its U.S. parent company and failed to adequately monitor safeguarding controls. During the 2023 collapse of Silvergate Bank, Coinbase instructed 30 customers to ...