⚠️ COINBASE FINED €3.25M IN IRELAND
The Central Bank of Ireland fined Coinbase Ireland €3.25M for failing to properly safeguard customer funds and oversee outsourcing.
→ Shortfalls reached up to €5.2M
→ No customer losses reported
→ The penalty still needs High Court confirmation
My take: in the EU, "your funds are safe" now has to be proven on paper every single day. Expect more of these as EU regulators tighten up.
Do fines like this change where you keep your crypto? 👇
#Coinbase #Regulation #Europe #CryptoNews
The Central Bank of Ireland fined Coinbase Ireland €3.25M for failing to properly safeguard customer funds and oversee outsourcing.
→ Shortfalls reached up to €5.2M
→ No customer losses reported
→ The penalty still needs High Court confirmation
My take: in the EU, "your funds are safe" now has to be proven on paper every single day. Expect more of these as EU regulators tighten up.
Do fines like this change where you keep your crypto? 👇
#Coinbase #Regulation #Europe #CryptoNews