Central Bank of Ireland fines Coinbase Ireland €3.25 million

On Oct. 27 that, according to Bitcoin.com News, the Central Bank of Ireland announced on Oct. 22 a fine of €3.252618 million on Coinbase Ireland Limited for violating customer funds protection and outsourcing requirements under Ireland’s Electronic Money Regulations 2011. Coinbase admitted to the violations, with regulators stating that the infractions occurred between Nov. 1, 2020, and Aug. 19, 2025, and a settlement was reached on Oct. 21. The case concerns Coinbase Ireland’s role as an electronic money institution, specifically regarding fiat currency and e-money held by customers to purchase crypto assets, and should not be characterized as a MiCA custody enforcement action.