Update
Coinbase Ireland Admits to Safeguarding Failures and Pays Penalty
Coinbase Ireland admitted to historical safeguarding failures and accepted a €3.25 million penalty from the Central Bank of Ireland. The regulator found no evidence of actual consumer harm, and the penalty still requires High Court confirmation. The case concerns Coinbase Ireland Limited, which issues and redeems electronic money for trading crypto through other Coinbase companies. The firm addressed concerns and corrected the funding shortfall in late June 2024, with issues fixed in October 2024.