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Fintech News Switzerland· Fintechnews Switzerland·· 5 hours agoAI score63

Central Bank of Ireland fines Coinbase Ireland €3,252,618 for breaches including client funds protection

Irish Regulator Fines Coinbase Unit €3.25M Over US Parent Reliance

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The Central Bank of Ireland fined and reprimanded Coinbase Ireland Limited for breaching requirements on safeguarding client funds and outsourcing responsibilities. The breaches occurred between 2020 年 11 月 1 日 and 2025 年 8 月 19 日, and involved excessive reliance on its US parent company, insufficient funds in safeguarding accounts over an extended period, and a lack of checks on change reporting. The parties reached a settlement on 2026 年 10 月 21 日, with the sanction to take effect after confirmation by the High Court.

Source:Fintech News Switzerland · fintechnews.ch