Coinbase Reaches $24.7M Settlement with Ireland on Monitoring Failures

Coinbase Reaches $24.7M Settlement with Ireland on Monitoring Failures

By Crypto Economy
TL;DR Coinbase will pay a $24.7 million fine to the Central Bank of Ireland over technical errors in its transaction monitoring system. Three coding bugs in its Transaction Monitoring System prevented a full review of five out of 21 control scenarios.

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