CoinDesk· Jamie Crawley·· 21 hours agoAI score54
Central Bank of Ireland fines Coinbase Ireland $3.6 million for safeguarding violations
Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures
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The Central Bank of Ireland fined Coinbase Ireland $3.6 million for safeguarding violations. The materials state that when Silvergate was on the verge of collapse in 2023, Coinbase instructed 30 customers to deposit funds into its backup account held at another U.S. bank.
Source:CoinDesk · coindesk.com