Coinbase has its European headquarters in Ireland Lionel BONAVENTURE

Ireland's central bank imposed a fine of 21.5 million euros ($24.7 million) Thursday on crypto giant Coinbase over transaction monitoring failures, in

The Central Bank of Ireland said in a statement that it had fined the firm "for breaching its anti-money laundering and counter-terrorist financing transaction monitoring obligations between 2021 and 2025".

Coinbase is registered in Ireland as a "virtual asset service provider" (VASP) and has its European headquarters there.

The company is accused of a "failure to monitor over 30 million transactions" over a year, amounting to 176 billion euros and approximately a third of the transfers carried out by Coinbase Europe Limited (CEBL), the central bank said in a statemen

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