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

Coinbase Europe Limited has reached a settlement with the Central Bank of Ireland, agreeing to pay a fine of €21.5 million. This development highlights the increasing regulatory scrutiny faced by cryptocurrency firms, signaling the importance of having strong compliance systems in place to combat financial crimes. As the crypto industry continues to evolve, such measures are crucial for maintaining trust and security in the market.