Coinbase Ireland accepts a 3.25 million euro fine and admits the breaches: “We have no tolerance for weaknesses in safeguarding arrangements”

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.The Central Bank of Ireland has fined Coinbase Ireland Limited 3,252,618 euros because the e-money institution failed to safeguard client funds adequately and did not control the outsourcing to its US parent. European customers are tied to that very entity through the EU passport — and their euro balance is not a bank deposit.The Central Bank of Ireland has fined Coinbase Ireland Limited 3,252,618 euros. The reason: between November 1, 2020 and August 19, 2025 the company breached its duties to safeguard client funds and to govern its outsourcing. The decision was announced on October 22, 2026, a day after the regulator and the company settled. For customers in Europe this is not a distant notice from Dublin. Euros held in a Coinbase account are not a bank deposit but electronic money issued by this Irish entity, and the firm serves the rest of the European Union from its Irish licence. The regulator's findings therefore describe the protection that applies to those balances. El...