Coinbase’s $21.5 Million Fine: A Lesson in Crypto Compliance
It seems like compliance failures in the crypto world can really hit hard, huh? Just take a look at Coinbase’s recent $21.5 million fine from the Central Bank of Ireland (CBI). It’s a real wake-up call, revealing just how vulnerable even the big players can be. This article dives into the implications of regulatory frameworks, the effectiveness (or lack thereof) of fines, and how startups can tackle compliance challenges without blowing their budget.
The Effectiveness of Fines in Crypto Companies
Are fines really a deterrent? Well, Coinbase’s situation makes you wonder. Their €21.5 million fine was meant to prevent non-compliance, but for bigger firms, it might just be a cost of doing business. Makes you question if they’re…
