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Coinbase Europe to Pay €21.5M to Central Bank of Ireland in Settlement

Coinbase Europe Limited will pay €21.5 million to the Central Bank of Ireland to settle violations related to technical coding errors in its transaction monitoring systems during 2021 and 2022, the company announced on Nov. 6. The errors affected the platform's cryptocurrency transaction surveillance systems. The Central Bank calculated the penalty based on Coinbase's average annual revenue of €417 million from 2021 to 2024.
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