US crypto giant Coinbase's Coinbase Europe has been fined €21.3 million by the Central Bank of Ireland. Photograph: Gabby Jones/The New York Times
The Central Bank of Ireland has fined Coinbase Europe €21.5 million after finding that the crypto asset and wallet services provider failed to properly monitor more than 30 million transactions for money laundering or terrorist financing over the course of a year.
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.
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