The Central Bank of Ireland announced on October 22, 2026 that it had fined Coinbase Ireland Limited €3,252,618 for breaches of safeguarding and outsourcing obligations between November 2020 and August 2025. The amount reflects a 30% discount from the assessed penalty of €4,646,597. Coinbase Ireland admitted the prescribed contraventions and agreed with the underlying facts, but the sanction must be confirmed by the High Court before taking effect. The case concerns customer-fund safeguarding and oversight of external service providers, not an alleged compromise of blockchain transactions. It highlights that e-money institutions are subject to the same compliance, asset-custody and operational-resilience requirements as other regulated financial firms.
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