Regulation· ★★★· bearish·

Ireland's Central Bank fines Coinbase $3.6M over client fund safeguards

  • —Settlement of $3.6M (€3.4M) awaits High Court approval
  • —Breaches cover the 2020–2025 period
  • —Two main findings: weak client-fund segregation and poor outsourcing oversight
  • —Coinbase Ireland has operated since 2018, held an EMI licence since 2019 and VASP registration since 2022
Why it matters: The case signals that EU regulators are scrutinizing exchanges' custody processes, not just licences — a compliance risk for crypto firms relying on outsourcing.
#COIN
Source: 動區 BlockTempo
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