Irish cenbank fines Coinbase arm $3.6M for oversight, safeguard failures
Summary
The Central Bank of Ireland has penalized a local unit of Coinbase over compliance and protection shortcomings. The company acknowledged the enforcement actions and faces financial penalties pending final court approval.
According to the Central Bank of Ireland, Coinbase Ireland had agreed with the facts around the enforcement action and will be subject to fines and sanctions upon approval by a high court.
Source: Read the full story at Cointelegraph.com News
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