Coinbase Europe Fined €21.5 Million by Irish Central Bank: Here’s Why

TLDR: Coinbase Europe fined €21.5M after coding errors disrupted monitoring of €176B in crypto transactions. The Central Bank of Ireland penalized Coinbase for AML lapses between 2021 and 2022. Coinbase filed 2,700 suspicious transaction reports after re-screening 185K crypto transactions. The exchange enhanced its compliance systems to prevent future monitoring and coding errors. Coinbase Europe [...]

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