Cryptocurrency companies in the Republic of Ireland will have to comply with anti-money laundering rules, the country’s central bank has warned.
Cryptocurrency traders in Ireland will no longer be able to buy and sell anonymously, the Irish Independent reported Tuesday.
Companies offering buying and selling services for cryptocurrency will have to complete due diligence on their customers to account for provenance and destination of their funds.
This will bring cryptocurrency organizations on the same footing as mainstream financial services providers.
The new requirements will take effect in April when the European Union’s 6th Anti-Money Laundering Directive enters into Irish law.
Coinbase Custody International calls Ireland home while Facebook’s diem stablecoin project is also likely to have a presence there.
South Korea is gearing up to launch a crypto-focused asset management system by 2025 to curb tax evasion, as reported by local news. Following the approval of Bitcoin ETF trading in the US, investment
Thanks to 109,988 signatures, Switzerland will vote through a referendum on the introduction of a 50% tax on inheritances above 50 million francs to allocate funds to protect the climate and finance
Press Release from BVI Finance, Tuesday 30 January, 2024. A series of significant complex cross-border transactions in 2023 has highlighted the strength and depth of expertise in the BVI across the
In recent years, so-called golden-passport programs have come under increased scrutiny. But a handful of nations are hoping that they’ll be allowed to continue. For five Caribbean countries, citizenship