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Irish central bank hits Coinbase Europe with €21.5M fine for failed transaction monitoring – TON BOT

Irish central bank hits Coinbase Europe with €21.5M fine for failed transaction monitoring

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Ireland’s central bank fined Coinbase Europe €21.5 million for failing to monitor over 30 million transactions, including some linked to criminal activities. Coinbase attributed the issue to coding errors, which have since been fixed. The fine was reduced from €30.7 million through a settlement discount, taking into account Coinbase’s revenue.

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