Coinbase Hit With €3.25M Irish Fine Over Customer Funds

TLDR Ireland’s central bank imposed a €3.25 million fine on Coinbase Ireland over customer fund protection and outsourcing failures. The regulator found weak internal controls and excessive reliance on Coinbase’s US operations. Coinbase said errors left its safeguarding account underfunded by an average of 0.54% during 2023 and early 2024. Coinbase maintained that no customers [...]

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