REGULATION | Ireland fines Coinbase Subsidiary Over $3 Million Over Customer Fund Safeguards Breach

BitcoinKE · 23/10/2026, 08:00:52

The Central Bank of Ireland has fined Coinbase Ireland €3.25 million ($3.6 million) for breaching customer fund safeguarding and outsourcing rules between November 2020 and August 2025. The regulator said the crypto exchange’s Irish unit relied excessively on its US-based parent for safeguarding controls, lacked sufficient local expertise to oversee customer funds, and allowed its designated safeguarding account to remain underfunded for extended periods. The breaches included arrangements that resulted in some customer funds being held alongside funds belonging to […]