The Irish Times: Ireland’s High Court upholds a €21.5m Central Bank fine against Coinbase over major AML monitoring failures, setting a tough precedent for crypto firms

The High Court in Ireland has upheld a €21.5 million fine and reprimand against Coinbase Europe Ltd imposed by the Central Bank of Ireland for breaching its AML/CFT transaction-monitoring obligations, after faults in its system left over 30 million transactions worth more than €176 billion unmonitored over about a year, making this a landmark enforcement action in the crypto sector and requiring Coinbase to pay the penalty within seven days of the ruling…