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Ireland’s Finance Minister Jack Chambers has announced plans to draft urgent legislation aimed at updating financial regulations to include cryptocurrency and digital asset firms. According to the Irish Examiner, this legislation is crucial to ensure compliance with new European Union money laundering and financing of terrorism laws, which are set to take effect on December … Read more
Ireland’s finance minister wants to act quickly before the EU enacts strict Anti-Money Laundering legislation. Go to Source
Irish authorities seized $7.1 million in cryptocurrency in a raid targeting money laundering and darknet sales. Three individuals were arrested, with one remaining in custody. “The arrests of the three individuals and the assets seized are the result of a highly complex investigation into criminal darknet marketplace activities by specialist investigators attached to the Garda … Read more
Circle’s strategic shift away from Ireland could increase compliance costs, but the tradeoff suggests improved investor confidence. Go to Source
To date, Irish authorities managed to recover approximately 4 million euro of the 20 million euro that were lost in banking scams since January 2023. Go to Source
Cameron Winklevoss has predicted a “Cambrian explosion” in European innovation once regulations are rolled out. Go to Source Powered by WPeMatico
Gabriel Makhlouf reportedly said there was an “uncomfortable” level of crypto advertisements targeting young adults. Go to Source Powered by WPeMatico
Coinbase has announced it has secured regulatory approval as a virtual asset service provider (VASP) in Ireland, according to a company blog post published on Dec. 21. According to the company, Coinbase has been approved by Ireland’s central bank which means the company can “provide products and services to individuals and institutions in Europe and … Read more
Operations in the country will be overseen by Cormac Dinan, a former employee of Crypto.com, Deloitte and Citigroup. Go to Source Powered by WPeMatico
Adults in Ireland have become slightly less interested in crypto with a drop in ownership from 12% to 10% in the last year. Go to Source Powered by WPeMatico
