LONDON, Oct 22 (Reuters) - The Central Bank of Ireland fined crypto asset-trading platform Coinbase's Irish unit €3.25 million ($3.65 million) for breaching safeguarding and outsourcing obligations between 2020 and 2025, it said in a statement on Thursday.
The bank said the fine follows a settlement it reached with Coinbase Ireland on Wednesday, and came after rules related to protecting customer funds and maintaining confidence in the financial system were breached.
The bank said the fine follows a settlement it reached with Coinbase Ireland on Wednesday, and came after rules related to protecting customer funds and maintaining confidence in the financial system were breached.