The Central Bank of Ireland (CBI) has imposed a $24.8 million (€21.5 million) fine on Coinbase Europe for breaching anti-money laundering (AML) and counter-terrorist financing obligations, marking Ireland's first enforcement action against a cryptocurrency company. "To be effective in combating financial crime, law enforcement agencies rely on regulated financial institutions to have systems in place to monitor transactions and report suspicions," said Colm Kincaid, CBI's deputy governor consumer and inve ...