The Central Bank of Ireland announced on 22 October a €3.25 million penalty against Coinbase Ireland for failures to properly protect client funds and oversee outsourced functions. The company has accepted a reprimand and a settlement that still requires confirmation by the High Court in Ireland. Between November 2020 and August 2025, the firm excessively relied on the US group, inadequately monitored outsourced operations and left its client-protection account underfunded for extended periods. Coinbase says it has remedied these failures and that no client suffered a financial loss or had funds blocked.
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