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The Irish central bank imposed a 21.5 million euro fine on Coinbase Europe for failing to monitor over 30 million transactions, resulting in the reporting of 2,708 suspicious activities over a year. The issues stemmed from errors in Coinbase's transaction monitoring system, which delayed the identification of potential criminal activities.
Ireland has recalled nearly 13,000 passports due to a printing error caused by a software update, which omits the 'IRL' code. This defect could render the passports unreadable at automated border systems worldwide. Affected holders are advised to return their passports for free replacements within about 10 working days.
TikTok has been hit with a €530 million fine by Irish authorities over privacy violations related to children's data protection. The fine is part of ongoing scrutiny of the app's compliance with European data privacy regulations. The ruling underscores the challenges tech companies face in aligning their practices with stringent EU laws.
Irish retail banks are set to introduce a new digital banking service to compete with Revolut, expected to launch in early 2026. This initiative aims to enhance competition in the banking sector and provide consumers with more options for managing their finances digitally.