High Court confirms Central Bank’s €21.5m fine against crypto services firm – The Irish Times
A €21.5 million fine imposed by the Central Bank against a crypto services provider breaches of monitoring obligations linked to anti-money laundering and combating the financing of terrorism has been confirmed by the High Court.
High Court president Mr Justice David Barniville on Monday confirmed the sanction, which also includes a reprimand by the Central Bank, on Coinbase Europe Ltd
The company is part of the global Coinbase Group, which operates a significant global trading platform for crypto assets. Coinbase Europe was set up six years ago to provide crypto asset and wallet services to customers in Europe and further afield.
Coinbase Europe now has seven days to pay over the fine after a settlement was negotiated with the Central…
