Central Bank of Ireland fines Coinbase Ireland Limited over €3.2 million for safeguarding failures
22 October 2026
The Central Bank of Ireland has taken enforcement action against Coinbase Ireland Limited.
The firm breached the safeguarding and outsourcing requirements of the Electronic Money Regulations 2011.
The breaches ran from 1 November 2020 to 19 August 2025.
The fine is €3,252,618, after a 30% settlement discount from €4,646,597.
The High Court must confirm the sanction before it takes effect.
Karen O'Leary, Director of Enforcement at the Central Bank of Ireland, said payment and e-money firms have a fundamental obligation to fully safeguard customers' funds.
Fine imposed:
€3,252,618
Fine before settlement discount:
€4,646,597
Settlement discount:
30%
Regulations breached:
Electronic Money Regulations 2011
Why it matters for exams: The regulator, the law it used and the court that confirms its sanctions are all durable facts.
UPSCBank