Coinbase Europe Loses €21.5 Million for Major Transaction Monitoring Flaws

The Central Bank of Ireland has issued a hefty fine of €21.5 million to Coinbase Europe, holding the firm accountable for substantial failures in transaction monitoring. The regulator cited a failure to adequately monitor over 30 million transactions worth €176 billion between April 2021 and March 2025 due to system malfunctions. This oversight posed significant risks, including potential exposure to serious financial crime.