IRELAND: Central Bank of Ireland Expands Anti-Money Laundering Regime

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.

9 August 2024

UK: UK to Introduce Law to Regulate ESG Ratings Providers

The UK government will introduce legislation aimed at regulating ESG ratings providers in 2025, according to a speech Wednesday by Chancellor of the Exchequer Rachel Reeves, and confirmed today in a

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14 March 2024

US: US Treasury Working Towards A More Equitable Tax System In Crypto

US Treasury once again proposes new crypto tax rules to “modernize” code. In an effort to keep pace with the rapidly evolving digital currency landscape, the US Treasury has once again put forth

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19 January 2024

ASIA: Malaysian politician under Pandora Papers probe linked to $52 million offshore trust and UK, US property investments

Family members of Malaysia’s embattled former finance minister Daim Zainuddin are beneficiaries of a multimillion-dollar trust with investments in U.K. and U.S. real estate, documents obtained by

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20 February 2024

EU: Bahamas, Belize, Seychelles and Turks and Caicos Islands removed from the EU list of non-cooperative jurisdictions for tax purposes

Today, the Council removed Bahamas, Belize, Seychelles and Turks and Caicos Islands from the list of non-cooperative jurisdictions for tax purposes. With these updates, the EU list consists of the following

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