Coinbase Fined Again in Ireland, This Time $3.6M Over Fund Safeguarding

The Central Bank of Ireland penalized Coinbase Ireland €3,252,618 for leaning too heavily on its U.S. parent and leaving its safeguarding account underfunded—its second hit to the exchange’s European arm in the last year.

By Decrypt Staff

Image accompanying: Coinbase Fined Again in Ireland, This Time $3.6M Over Fund Safeguarding

The Central Bank of Ireland penalized Coinbase Ireland €3,252,618 over fund safeguarding, according to the supplied report. The penalty concerns the firm leaning too heavily on its U.S. parent and leaving its safeguarding account underfunded.

The report describes the penalty as the second hit to the exchange's European arm in the last year.

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