The Central Bank of Ireland announced on 22 October 2026 that it had fined Coinbase Ireland €3,252,618 (about $3.6 million) for breaches of safeguarding and outsourcing rules between November 2020 and August 2025. The sanction still needs confirmation by Ireland’s High Court before it takes effect. The amount includes a 30% settlement discount from a €4,646,597 penalty.
The regulator found that Coinbase Ireland relied too heavily on its U.S. parent for safeguarding processes, lacked enough local expertise to oversee customer funds, and left its designated safeguarding account underfunded for lengthy periods. It also cited weak internal controls and a failure to report material safeguarding changes. Coinbase Ireland admitted the breaches.
