The Central Bank of Ireland fined Coinbase’s Irish entity $3.6 million for failures in oversight and safeguarding customer assets. The bank disclosed that Coinbase Ireland agreed to the relevant facts, and the fine and sanction will take effect once approved by the High Court.
This is a regulatory enforcement penalty, with its specific impact limited to the entity’s compliance record. The source does not say whether any customer assets were lost. The next step is clear: approval by the High Court.
#Coinbase
This is a regulatory enforcement penalty, with its specific impact limited to the entity’s compliance record. The source does not say whether any customer assets were lost. The next step is clear: approval by the High Court.
#Coinbase