The Central Bank of Ireland fined Coinbase Ireland €3.25 million (about $3.6 million) over issues with customer-funds protection and outsourcing oversight. The regulator found that the company relied too heavily on systems operated by its U.S. parent, and that related controls and testing were inadequate.
Coinbase disclosed that procedural errors caused customer-funds protection accounts to be underfunded by an average of 0.54% in 2023 and the first half of 2024. However, it stressed that no customers lost money or were unable to withdraw funds. If no actual losses occurred, should the penalty be light? Or, for a custody platform, is any shortfall in the segregation of funds serious enough in itself?
$COIN #Coinbase爱尔兰被罚360万美元
Coinbase disclosed that procedural errors caused customer-funds protection accounts to be underfunded by an average of 0.54% in 2023 and the first half of 2024. However, it stressed that no customers lost money or were unable to withdraw funds. If no actual losses occurred, should the penalty be light? Or, for a custody platform, is any shortfall in the segregation of funds serious enough in itself?
$COIN #Coinbase爱尔兰被罚360万美元
