US crypto giant Coinbase's Coinbase Europe has been fined €21.3 million by the Central Bank of Ireland. It marks the fourth-biggest financial penalty ever imposed by the Irish financial regulator and comes less than three years after Coinbase Europe was authorised by the authority. It is the first sanction levelled against a player in the crypto sector by the Central Bank. The value of these transactions amounted to over €176 billion, and accounted for approximately 31 per cent of all Coinbase Europe transactions conducted in the period when the faults existed. The Central Bank said it cannot say if any of the suspicious transactions were a criminal offence.

Source: The Irish Times November 06, 2025 14:35 UTC