Lead story · Rails
Irish Central Bank Fines Coinbase Ireland $3.6M Over Safeguarding Failures
The Central Bank of Ireland penalized Coinbase Ireland €3.25 million for breaching safeguarding and outsourcing rules.
- Regulators cited failures in customer fund safeguarding and outsourcing controls.
Read original source · coindesk
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What happened
The Central Bank of Ireland penalized Coinbase Ireland €3.25 million for breaching safeguarding and outsourcing rules.
Why it matters
Regulators cited failures in customer fund safeguarding and outsourcing controls.
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People deposited, and some tried to lose money fast, to earn a token they expected to sell. 💸 Then @papertrade_xyz shelved transferability. @3xliquidated told me why he sees that as a bait and switch, even if it keeps the protocol alive. https://t.co/tDZQBkPgvr
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