Coinbase Europe Limited settles with Central Bank of Ireland, agrees to €21.5M fine

Coinbase Europe Limited, a cryptocurrency exchange operator, has agreed to pay a €21.5 million fine to settle regulatory violations with the Central Bank of Ireland. These violations stem from failures in meeting transaction monitoring obligations under anti-money laundering (AML) and counter-terrorism financing (CTF) laws between 2021 and 2025. Configuration faults within Coinbase's monitoring system resulted in millions of transactions going unreviewed during this multi-year period. This settlement highlights the Central Bank of Ireland's increased enforcement of AML/CTF standards for digital asset firms operating within its jurisdiction.

(Source：Crypto Briefing)