Coinbase Germany Faulted by Regulator Over Governance Set-Up
- BaFin says deficiencies identified in annual accounts review
- Coinbase says it’s already made progress addressing concerns
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Coinbase Germany GmbH was ordered by the country’s financial regulator to fix deficiencies related to its organizational set-up.
The order was issued to the company in late September and has been in effect since Oct. 27, BaFin said in a statement on its website on Tuesday.