Central Bank of Ireland Director of Enforcement Karen O'Leary stated that payment and e-money firms have a fundamental obligation to fully safeguard customers' funds and that the regulator has no tolerance for safeguarding weaknesses.

From the articleCentral Bank of Ireland fines Coinbase unit €3.25M over safeguarding - CryptopolitanAlso in Irish central bank fines Coinbase unit €3.25 million | Reuters, Coinbase Fined Again in Ireland, This Time $3.6M Over Fund Safeguarding - Decrypt, Coinbase Ireland faces €3.25M fine over customer fund safeguards, Coinbase Ireland to Pay $3.6M Fine As Part of Central Bank Settlement