Irish central bank fines Coinbase Ireland $3.6 million over fund safeguarding failures

When Silvergate was on the verge of collapse in 2023, Coinbase instructed 30 customers to deposit funds into an alternate account held by Coinbase at another U.S. bank.
Key Takeaways
- When Silvergate was on the verge of collapse in 2023, Coinbase instructed 30 customers to deposit funds into an alternate account held by Coinbase at another U.S.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from CoinDesk. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation

Wells Fargo and five others object to OKX-ICE tokenized stock listings: Report
As of Friday, 22 companies had filed objections as part of the joint venture’s proposed tokenized stock platform under the SEC’s innovation exemption.

Netanyahu Considering Crypto Plan to Dodge Banking Sanctions on Israel
Days before Israel’s election, Netanyahu said he has asked for a blockchain plan in case banks are hit with sanctions, and told Israelis to prepare for a rainy day after Trump.

IRS plans lower tax disclosure penalties, including for crypto: Forbes
The US tax agency is targeting faster resolutions and more flexible payment options for taxpayers voluntarily disclosing past tax violations under a planned program overhaul.