Ireland fines Coinbase again, this time over how it protected customer money

The Central Bank of Ireland has fined Coinbase’s Irish e-money arm €3,252,618 for failing to protect customer money and for leaning too heavily on its US parent to run those controls. This is the second penalty that Ireland has imposed on Coinbase’s European operations in under one year. Five years of safeguarding gaps The regulator stated that the breaches ran from November 1, 2020, to August 19, 2025, and they fall under the Electronic Money Regulations 2011. Coinbase Ireland Limited issues e-money that customers swap for fiat. The customers can then use these funds to trade across the platform. The exchange found itself in hot water as a result of the rules that touch on keeping those funds segregated.

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