Central Bank of Ireland fines Coinbase Ireland €3.25 million

According to Bitcoin.com News, the Central Bank of Ireland announced on October 22 a fine of €3.252618 million against Coinbase Ireland Limited for violating the client fund protection and outsourcing requirements under Ireland's Electronic Money Regulations 2011. Coinbase acknowledged the violations, with regulators stating the breaches occurred between November 1, 2020, and August 19, 2025, and a settlement was reached on October 21. The case involves Coinbase Ireland's role as an electronic money institution, specifically covering fiat and e-money used by customers to purchase crypto assets, and should not be described as a MiCA custody enforcement action.