Central Bank of Ireland fines Coinbase €3.25 million over customer fund safeguarding failures
By John Chen
The fine highlights the increasing regulatory scrutiny on crypto firms, emphasizing the need for robust governance and compliance in Europe. The post Central Bank of Ireland fines Coinbase €3.25 million over customer fund safeguarding failures appeared first on Crypto Briefing.
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Central bank
The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.
Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.
More about Central bankCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
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