The Central Bank of Ireland has fined Coinbase Europe €21.5 million for breaches in anti-money laundering and counter-terrorist financing rules. The penalty, the fourth-largest ever issued by the Irish regulator and its first against a crypto firm, addresses failures in Coinbase's transaction monitoring systems. The regulator found that faults in the system's configuration resulted in over 30 million transactions, valued at more than €176 billion, not being properly monitored for risks over a 12-month period. Coinbase acknowledged the settlement, stating the issue stemmed from technical coding errors in 2021 and 2022 that the company had identified and fixed.