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The Central Bank of Ireland found that Coinbase Ireland relied excessively on its U.S.-based parent group for safeguarding processes without maintaining adequate local oversight framework or expertise.
Coinbase’s Ireland Arm Fined €3.25 Million Over BreachesCoinbase Ireland faces €3.25M fine over customer fund safeguardsCentral bank fines Coinbase Ireland $3.6 million over fund safeguarding failuresCentral Bank of Ireland fines Coinbase unit €3.25M over safeguarding - CryptopolitanCoinbase Ireland fined $3.6 million over customer fund segregation, oversight failuresCoinbase Ireland to Pay $3.6M Fine As Part of Central Bank SettlementCoinbase Fined Again in Ireland, This Time $3.6M Over Fund Safeguarding - Decrypt